Egyptian Modern Education Systems’ profits up 117% YoY in 6 months

Updated 3/13/2024 1:00:00 AM
Egyptian Modern Education Systems’ profits up 117% YoY in 6 months

Arab Finance: The Egyptian Modern Education Systems’ (MOED) net profits after tax rose 117.4% year on year in the first half (H1) of the academic year 2023/2024 to EGP 14.703 million from EGP 6.763 million, according to a disclosure.

Meanwhile, net operating revenues went up to EGP 33.06 million in H1 of the current academic year from EGP 21.779 million in the year-ago period.

Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.

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