BEIJING, July 31, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2024. Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2024Total net revenues increased by 32.1% year over year to US$1,136.7 million for the fourth fiscal quarter of 2024.for the fourth fiscal quarter of 2024. Operating income decreased by 78.1% year over year to US$10.5 million for the fourth fiscal quarter of 2024.for the fourth fiscal quarter of 2024. Net income attributable to New Oriental decreased by 6.9% year over year to US$27.0 million for the fourth fiscal quarter of 2024. Financial Results for the Fourth Fiscal Quarter Ended May 31, 2024Net RevenuesFor the fourth fiscal quarter of 2024, New Oriental reported net revenues of US$1,136.7 million, representing a 32.1% increase year over year.
