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NEW ORIENTAL-S Plummets ~15% at Open; 2FQ Non-GAAP NP Down 29%+ YoY
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NEW ORIENTAL-S (09901.HK) opened 14.99% lower today, bottoming at $39.7. It last stood at $39.7, down 14.99%, with 16,900 shares traded, involving $670,900.

The company had announced yesterday the interim results for FY2025 ending in November 2024. It recorded a net profit of US$277 million, up 41.9% YoY. But the non-GAAP net profit for 2FQ alone was US$35.541 million, down 29.1% YoY, and non-GAAP operating profit faded 45.8% YoY to US$27.58 million.

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