On January 25th, TAL released its unaudited financial report for the third quarter of the 2024 fiscal year as of November 30th, 2023. The financial report shows that during the reporting period, TAL achieved a net income of 374 million US dollars, compared to 233 million US dollars in the same period last year, a year-on-year increase of 60.5%; The operating loss was 32.185 million US dollars, compared to 32.882 million US dollars in the same period last year; The net loss was $23.946 million, compared to a net loss of $51.579 million in the same period last year, which narrowed year-on-year.
During the nine months ended November 30, 2023, TAL achieved a net income of $1.061 billion, compared to $751 million in the same period last year, a year-on-year increase of 41.3%; The operating loss was 58.168 million US dollars, compared to 46.314 million US dollars in the same period last year; The net loss was $31.081 million, compared to a net loss of $96.195 million in the same period last year, which narrowed the loss by 67.7% year-on-year.