China Distance Education Holdings Limited Reports Fourth Quarter EPS of $.04

China Distance Education Holdings Limited DL reported today its unaudited financial results for the fourth quarter and fiscal year ended September 30, 2010.

Fourth Quarter Fiscal 2010 Business and Financial Highlights:

• Total course enrollments were 402,000, an increase of 7.8% from the fourth quarter of fiscal 2009.
• Net revenues increased 11.6% over the fourth quarter of fiscal 2009 to US$11.4 million.
• Gross profit increased 2.4% from the fourth quarter of fiscal 2009 to US$6.3 million.
• Gross profit margin was 55.6%, compared to 60.6% in the fourth quarter of fiscal 2009. Non-GAAP gross profit margin was 60.3%, compared to 63.3% in the same period of 2009.
• Net loss was US$2.1 million, compared to net income of US$1.3 million in the fourth quarter of fiscal 2009.  
• Non-GAAP net income was US$1.3 million, a 33.8% decrease as compared to non-GAAP net income of US$2.0 million in the fourth quarter of fiscal 2009.
• Basic and diluted net loss per American Depositary Share ("ADS") were US$0.06 compared to basic and diluted net income per ADS of US$0.04 for the fourth quarter of fiscal 2009.  Each ADS represents four ordinary shares.
• Basic and diluted non-GAAP(1) net income per ADS were US$0.04, compared to basic and diluted non-GAAP(1) net income per ADS of US$0.06, for the fourth quarter of fiscal 2009.
• Net operating cash inflow for the fourth quarter of fiscal 2010 was US$4.8 million, compared to a net operating cash inflow of US$0.6 million in the fourth quarter of fiscal 2009.
• Deferred revenue and refundable fees balance was US$10.4 million, a 0.8% increase from the balance of US$10.3 million for the third quarter of fiscal 2010 and a 10.5% increase from the fourth quarter of fiscal 2009.