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Wednesday, January 19, 2022

China Liberal Education Holdings Limited (CLEU) stock is rising in the aftermarket – Learn why?

China Liberal Education Holdings Limited (CLEU) saw a push of 8.19% in the aftermarket. However, the last trading session closed at $1.71 with a decline of 4.47%.

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Financial results for first six months of the fiscal year 2021

On 3rd December 2021, CLEU announced the results for the first six months of the fiscal year 2021. The revenue declined by 18.5 percent year over year to $1.85 million, $2.27 million less than the previous year. Moreover, the gross profit climbed by 74.3 percent to $1.37 million, $0.79 million more than the year before.

Not only this but the income from operations was $0.30 million, compared to a loss of $0.11 million the previous year. In addition, the operating profit margin was 16.3 percent and net income was $0.23 million, compared to a loss of $0.08 million the previous year.

So what?

Although the lingering uncertainty surrounding the COVID-19 outbreak prompted many Chinese universities and colleges to postpone their ‘smart campus’ project plans, they generated reasonable earnings in the first half of the fiscal year 2021. CLEU generated very robust financial outcomes while prioritizing the consumers during the epidemic as a consequence of efforts and devotion. The company is particularly delighted about the growth of the enterprise integration and vocational education businesses.

Furthermore, the company supplied school-enterprise integrated education solutions to colleges and universities to satisfy the genuine demands of regional economic growth and industry upgrading and transformation. Not only this but they worked hard to create a talent training system and a comprehensive platform that would provide students with talent training and possibilities.

About CLEU

China Liberal is a Chinese educational services company with its headquarters in Beijing. It provides a variety of products, including Sino-foreign effective stakeholder management academic programs, overseas study advisory services, technological advisory services for Chinese universities to enhance their campus information and data monitoring skills and optimize their teaching, operating, and leadership environment, resulting in a “smart campus,” and tailored job combat effectiveness training to undergraduate seniors.

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