New Oriental Announces Results for the Third Fiscal Quarter

New Oriental Education and Technology Group EDU today announced its unaudited financial results for the fiscal quarter ended February 28, 2011, which is the third quarter of New Oriental's fiscal year 2011. Total net revenues increased by 48.6% year-over-year to US$132.5 million from US$89.2 million in the same period of the prior fiscal year. Net income attributable to New Oriental increased by 68.1% year-over-year to US$23.3 million from US$13.8 million in the same period of the prior fiscal year.