Summary by Moomoo AI
MAPLELEAF EDUCATION (MAPLELEAF EDU) ISSUED A FINANCIAL INFORMATION UPDATE ON APRIL 19, 2024 ANNOUNCING ITS UNAUDITED CONSOLIDATED MANAGEMENT ACCOUNTS FOR THE SIX MONTHS ENDED FEBRUARY 29, 2024. Based on preliminary estimates and currently available data, the Company expects revenue and gross profit to increase by at least 10% and 30%, respectively, compared to the same period last year. However, the company also expects to record a shareholder loss of not less than RMB40,000,000, compared with a profit of approximately RMB15,500,000 for the same period in 2023. The loss was primarily due to the net foreign exchange loss and increased financing costs. The Company also noted that Adjusted EBITDA is expected to decrease by no more than 5.0%. The Board emphasizes that these financial data have not yet been audited and may be subject to adjustments. The Company will release its interim results announcement before the end of April 2024 and reminds shareholders and potential investors to exercise caution when trading securities.