ArabFinance: Cairo Educational Services (CAED) reported a 58% Year on Year growth in its net profit for fiscal year (FY) 2019/2020 ended August 31st, according to the company’s November 8th financial statements filed to the Egyptian Exchange.

Net profit after tax stood at EGP 17,688,823 in FY 2019/2020, compared to EGP 11,222,761 achieved a year earlier.

The company posted a net profit of EGP 14.1 million in the first half of FY 2019/2020, 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.