HQ Global Education Inc. (HQGE.OB) Announces Financial Results for First Quarter of Fiscal Year 2011
HQ Global Education Inc. recently announced their financial results for the first quarter of fiscal year 2011, ended November 30, 2010. Revenues generated in the first quarter of fiscal year 2011 increased by 27.9 percent to $16.6 million, up from $13.0 million in the first quarter of fiscal year 2009. Tuition and other fees generated $12.2 million, or 73.3 percent, of revenues. Services generated $4.4 million, or 26.7 percent of revenues. Gross margin for the first quarter of fiscal year 2011 was 39.0 percent. This is in comparison to a 39.6 percent margin in the first quarter of fiscal year…