Modern Education System logs lower net profit
Updated 2/16/2021 9:46:31 AM
ArabFinance: Egyptian Modern Education Systems (MOED) posted a net profit of EGP 2.34 million during the July-December period of 2020, compared to EGP 4.52 million in the same period of 2019, according to the company’s statement to the Egyptian Exchange on February 16th.
The listed company reported a 5% Year on Year increase in its net profit for the first nine months of the fiscal year (FY) 2019/2020, recording EGP 3.4 million.
Established in 2001, the company operates within the consumer services sector focusing on education services.
