RTTNews | Sep 28, 2021 12:54PM EDT

12:53 Tuesday, September 28, 2021 (RTTNews.com) - Chinese high school education company First High-School Education Group Co., Ltd. (FHS) saw its shares dive 24% on Tuesday after the company released its financial results for the first half of 2021. The net loss of the company was RMB3.8 million or RMB0.05 loss per share, compared to profit of RMB31.9 million or RMB0.45 profit per share in the same half last year. On an adjusted basis, the net income was RMB11.2 million, which dropped 64% from RMB31.9 last year. The company reported a 24% better revenue at RMB231.9 million from RMB185.8 million in the last term. This was largely driven by a 33% increase in customer revenue at RMB224.4 million. The stock is currently trading at $2.93, down $0.95 or 24.43% from its previous close at $3.89 on Monday. The shares opened at $3.84 in the morning. In the 52-weeks period, the shares have ranged between $2.66 and $9.90 per share.

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