MOED records EGP 4.9M profit in 6 months

Updated 2/13/2022 3:43:07 PM

ArabFinance: The Egyptian Modern Education Systems (MOED) reported a net profit after tax of EGP 4.95 million for the first half (H1) of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).

This marks a growth from the net profit recorded in H1 FY 2020/2021 of EGP 2.34 million.

Net operating revenue amounted to EGP 16.91 million in the six-month period ended December 31st 2021, up from EGP 14.47 million in the year-ago period.

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