Earnings News Buzz: China Distance Education Holdings Limited (NYSE:DL) released unaudited financial results

On Tuesday China Distance Education Holdings Limited (NYSE:DL) stock recorded daily change of 0.28% to close at $7.22 with the total traded volume of 38079 shares along average volume of 33457 shares 52 week range of the stock remained $ 3.89 – 8.03 while its day low price was $6.96 and its hit its day high price at $7.35. Its previous closing value stands at $7.2. DL total market capitalization is $242084354. Currently stocks EPS is $0.35 while its price to earnings ratio is 20.67.

On Nov. 19, 2019, China Distance Education Holdings Limited (NYSE:DL) a leading provider of online education and value-added services for professionals and corporate clients in China, released unaudited financial results for the fourth quarter and fiscal year 2019 ended September 30, 2019.

Fourth Quarter Fiscal 2019 Financial and Operational Highlights

  • Net revenue increased by 28.1% to $68.7 million from $53.6 million in the prior year period.
  • Total course enrollments were 1,132,300, an increase of 40.6% from the fourth quarter of fiscal 2018.
  • Cash receipts from online course registration were $43.8 million, a 21.6% increase from the fourth quarter of fiscal 2018.
  • Gross profit increased by 58.5% to $43.4 million from $27.4 million in the prior year period.
  • Non-GAAP1 gross profit increased by 58.2% to $43.4 million from $27.4 million in the prior year period.
  • Gross margin was 63.2%, compared with 51.1% in the prior year period. Non-GAAP1 gross margin was 63.2%, compared with 51.2% in the prior year period.
  • Operating income increased by 70.3% to $20.7 million from $12.2 million in the prior year period.
  • Non-GAAP1 operating income increased by 65.8% to $21.2 million from $12.8 million in the prior year period.
  • Net income attributable to CDEL increased by 42.4% to $13.8 million from $9.7 million in the prior year period.
  • Non-GAAP1 net income attributable to CDEL increased by 48.8% to $18.6 million from $12.5 million in the prior year period.
  • Basic and diluted net income per American Depositary Share (ADS) attributable to CDEL were both $0.411, compared with basic and diluted net income per ADS attributable to CDEL of $0.290 for the fourth quarter of fiscal 2018. Each ADS represents four ordinary shares.
  • Basic and diluted non-GAAP1 net income per ADS attributable to CDEL were $0.558 and $0.554, respectively, compared with basic and diluted non-GAAP1 net income per ADS attributable to CDEL of $0.377 and $0.375, respectively, for the fourth quarter of fiscal 2018.
  • Cash flow from operations increased by 20.2% to $20.0 million from $16.7 million in the fourth quarter of fiscal 2018.

Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.

Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.

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