Cairo – Mubasher: The consolidated profits of Taaleem Management Services skyrocketed by 50.20% yearly during the first quarter (Q1) of fiscal year (FY) 2022/2023 to EGP 107.99 million, compared to EGP 71.87 million.

Earnings per share (EPS) stood at EGP 0.14 during the first three months of FY22/23, compared to EGP 0.09 in the corresponding period in FY21/22, according to a bourse statement on Sunday.

In the meantime, operating revenues reached EGP 229.80 million in Q1 of FY22/23, up from EGP 171.65 million in the year-ago quarter.

As for the separate results, the company reported lower standalone profits at EGP 18.80 million during Q1-FY22/23, compared to EGP 20.89 million during the same period in the previous year. 

During FY21/22, Taaleem achieved EGP 230.19 million in net earnings, up from EGP 185.31 million in FY20/21, including minority shareholders’ rights.