Cairo Educational Services posts 7.6% YoY profit increase in 9 months
Updated 7/17/2022 10:01:00 AM
Arab Finance: Cairo Educational Services (CAED) has reported a 7.65% year-on-year (YoY) increase in net profit after tax during the nine-month period ended May 31st, according to the financial statement filed to the Egyptian Exchange (EGX) on July 17th.
The company’s net profit after tax rose to EGP 30.861 million in the period from September 2021 until May 2022, compared to EGP 28.668 million in the same period an academic year earlier.
Operating revenue grew to EGP 80.964 million in the first nine months of the academic year of 2021/2022 from EGP 70.477 million the year before.
Cairo Educational Services is an Egypt-based company that focuses on the establishment, management, and operation of private elementary and secondary schools in Egypt.
