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Taaleem's profit grows 18% in six months

Taaleem's profit grows 18% in six months
The operating revenues increased to EGP 317.1 million

Cairo – Mubasher: Taaleem Management Services reported EGP 128.61 million in net profits attributable to the parent company’s shareholders during the six-month period ended 28 February, up by 18% year-on-year (YoY) from EGP 108.96 million.

The profits attributable to minority interests fell to EGP 985,826 from September 2020 until the end of last February, compared to EGP 1.318 million in the corresponding period a year earlier, the company said in a bourse disclosure on Thursday.

In total, the higher education platform achieved net profits of EGP 129.6 million during the six-month period, compared to EGP 110.28 million in the prior-year period.

The operating revenues increased to EGP 317.1 million from EGP 270.77 million.

As for standalone business, the company logged EGP 38.19 million in net profits, up from EGP 14.09 million.