Beijing-based professional education services company Tarena International has reported a net loss of ¥76.7 million (£8.8 million) for the second quarter of 2021, compared to a net loss of ¥267.6 million reported for the second quarter of 2020. Net revenue for the quarter was ¥582.3 million, up from ¥331.8 million reported for Q2 2020.
The company also reported results for the first six months of 2021. Its net loss was ¥198.5 million, compared to an operating loss of ¥612.6 million reported for the first half of 2020. Net revenue for the six-month period was ¥1.12 billion, up from ¥626.8 million reported for the first half of last year.
Total student enrolments in the adult education business, including multiple courses enrolled in by the same student, decreased by 16.1% year-on-year to 43,300 in the first half of 2021.
Tarena chief executive Ying Sun said: “Despite some areas in China still experiencing the negative impact from sporadic occurrences of Covid-19 cases, thanks to the effective prevention controls implemented by the government, which have successfully alleviated the further spread of the pandemic in China, we are delighted to see that our total net revenues have achieved a continued growth in the second quarter of this year.”
Date published: 6 October 2021