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New Oriental Expects $800-$900 Million in Losses, June-Nov 2021
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New Oriental Expects $800-$900 Million in Losses, June-Nov 2021

Jan 24, 2022
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New Oriental Expects $800-$900 Million in Losses, June-Nov 2021
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(Source: New Oriental)

Chinese private tutoring giant New Oriental announced on Friday that its net losses in the six-month period ended November 30, 2021 were expected to total $800-900 million, compared with a profit of $229 million in the same period last year.

The company explained that recent losses were mainly due to the termination of its K9 busine…

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