RTTNews | Mar 16, 2021 05:45AM EDT

05:44 Tuesday, March 16, 2021 (RTTNews.com) - Puxin Limited (NEW) reported a fourth quarter adjusted net loss attributable to company of RMB 62.4 million, compared to a loss of RMB 92.5 million million last year. Adjusted net loss per ADS attributable to company was RMB 0.72, compared to a loss of RMB 1.06.

Fourth quarter net revenues were RMB 718.3 million, a decrease of 16.4% from a year ago. Student enrollments decreased by 12.5% to 763,626.

For the first quarter, the company expects net revenues to be between RMB 683.7 million and RMB 721.3 million, a decrease of 4% to 9% year-over-year.

Read the original article on RTTNews ( https://www.rttnews.com/3177700/puxin-posts-narrower-adj-loss-in-q4-revenues-down-16-4.aspx)

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