New Oriental's net revenue in the third quarter increased by 19.8% year-on-year.

On April 22nd, New Oriental announced its financial results for the third fiscal quarter ending on February 28th. Net revenue increased by 19.8% to $1.4173 billion, while net profit increased by 45.3% to $1.268 billion compared to the same period last year. The company expects total net revenue for the fourth fiscal quarter to be between $1.4296 billion and $1.4669 billion, representing a year-on-year increase of 15% to 18%.