CHINA EDU GROUP's stock plummeted 9.48% in intraday trading on Monday, following the release of its interim financial results.

The company reported a 3.24% year-on-year increase in revenue to RMB 3.792 billion for the period ending in February, but profit attributable to owners fell 21.72% to RMB 757 million. The decline in net profit was attributed to higher income tax and indirect tax expenses, increased investment in teaching staff and educational resources after campus expansions and new course additions, and rising depreciation costs from operating new campuses and buildings.