Taaleem Management Services posts 21.5% YoY consolidated profit growth in 9 months
Updated 7/6/2022 9:23:00 AM
Arab Finance: Taaleem Management Services (TALM) reported a 21.55% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the nine-month period ended May 31st 2022, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
The company’s consolidated net profit attributable to the parent company reached EGP 274.72 million during the period from September 2021 until May 2022, compared to a profit of EGP 226.004 million in the nine-month period ended May 31st.
Consolidated operating revenues grew to EGP 597.07 million in the first nine months of the academic year 2021/2022 from EGP 584.55 million in the previous academic year.
Moreover, the company achieved a standalone net profit after tax of EGP 57.79 million in the nine-month period ended May 31st, up from EGP 10.66 million in the same period last year.
Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.
