Egyptian Modern Education Systems’ profits slip 2% YoY in 9 months

Updated 5/14/2024 12:01:00 PM
Egyptian Modern Education Systems’ profits slip 2% YoY in 9 months

Arab Finance: Egyptian Modern Education Systems’ (MOED) net profits after tax went down 2.3% year on year (YoY) in the first nine months of fiscal year (FY) 2023/2024, according to the financial indicators released on May 15th.

Net profits came in at EGP 6.523 million from July to March this FY, compared to EGP 6.674 million in the same period a year earlier.

Meanwhile, net operating revenues surged to EGP 33.275 million from EGP 27.877 million.

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

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