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New Oriental posts higher quarterly profit

Mon Oct 15, 2007 6:35am EDT

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NEW YORK, Oct 15 (Reuters) - New Oriental Education & Technology Group Inc (EDU.N), which provides private education services in China, on Monday posted a higher quarterly profit due to higher student enrollments.

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Net income rose to 256 million yuan ($33.9 million), or 6.56 yuan (87 cents) per American Depositary Share, in the first quarter ended on Aug. 31 from 165.1 million yuan, or 5.84 yuan per ADS, a year earlier.

The company did not provide a year-earlier comparison in U.S. dollars. (Reporting by Euan Rocha)

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