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Bright Scholar Provides Update on New Regulations in China
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Bright Scholar Announces Results of 2021 Annual General Meeting
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Bright Scholar Announces Note Repurchase Program
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by The Associated Press
Last Updated Jul 21, 2021 at 7:55 pm ADT
FOSHAN, China (AP) Bright Scholar Education Holdings Ltd. (BEDU) on Wednesday reported fiscal third-quarter net income of $26.8 million.
The Foshan, China-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.
The provider of international education to Chinese students posted revenue of $165.5 million in the period.
Bright Scholar expects full-year revenue in the range of $563.8 million to $579.5 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.93. A year ago, they were trading at $8.70.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEDU at https://www.zacks.com/ap/BEDU
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Bright Scholar Announces Declaration of a Dividend
July 21, 2021 GMT
FOSHAN, China, July 21, 2021 /PRNewswire/ Bright Scholar Education Holdings Limited (“Bright Scholar” or the “Company”) (NYSE: BEDU), a global premier education service company, today announced that its board of directors (the “Board”) has approved and declared a cash dividend of US$0.12 per ordinary share (US$0.12 per American depositary share).
The amount of cash dividends to be distributed is approximately US$14 million in total. The dividends are expected to be paid on August 16, 2021 to the holders of the Company’s ordinary shares of record as of the close of business on August 2, 2021. The determination to declare and pay the dividend and the amount of dividend in any year will be made at the discretion of the Board and will be based upon the Company’s operations and earnings, cash flow, financial