Bojun Education (HKG:1758) expects a net loss of between 36.7 million yuan and 44.8 million yuan in the year ended Aug. 31, compared with a net profit of around 51 million yuan a year prior, a Thursday bourse filing said.
The private education service provider attributed the anticipated swing to loss mainly to a rise in finance costs.
Shares of the company closed nearly 2% lower on Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.