Cairo Educational Services registers 25% profit increase
Updated 7/16/2020 2:47:00 PM
ArabFinance: Cairo Educational Services (CAED) posted a 25% Year on Year rise in its net profit for the nine-month period ended May 31st, according to the company's July 16th financial results filed to the Egyptian Exchange.
Net profit reached EGP 22,101,087 in the nine-month period of the fiscal year (FY) 2019/2020, compared to EGP 17,724,275 achieved in the prior-year period.
The company posted a net profit of EGP 14.1 million in the first half of the FY 2019/2020 ending on August 31st, a 26% rise from the EGP 11.11 million achieved in the corresponding period a year earlier.
Cairo Educational is an Egypt-based company that focuses on the establishment, management, and operation of private elementary and secondary schools in Egypt.
