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Taaleem Management Services’ consolidated profit rises in 3 months

Taaleem Management Services’ consolidated profit rises in 3 months

ArabFinanceTaaleem Management Services (TALM) posted a consolidated net profit attributable to the parent of EGP 71.302 million for the three-month period ended November 30th 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

It is worth noting that the company’s consolidated net profit amounted to EGP 58.11 million in the September-November period of 2020.

Consolidated operating revenue reached EGP 171.65 million during the period starting September 1st until November 30th 2021, up from EGP 134.79 million in the prior-year period.

On the other hand, Taleem Management Services reported a standalone net profit after tax of EGP 20.89 million for the three-month period ended November 30th 2021, down from EGP 25.96 million in the year-ago period.

It is worth noting that the company achieved a consolidated net profit attributable to the parent company of EGP 183.59 million during the period starting September 1st 2020 until August 31st 2021.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.

 

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