Cairo – Mubasher: Taaleem Management Services witnessed higher consolidated net profits after tax at EGP 192.08 million in the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 139.48 million in H1-21/22, including non-controlling interest.

Revenues amounted to EGP 428.91 million as of 28 February 2023, an annual growth from EGP 334.07 million, according to the income statements.

In the first six months (6M) of FY22/23, the earnings per share (EPS) increased to EGP 0.26 from EGP 0.18 during the same period in FY21/22.

Standalone Business 

Taaleem Management recorded an annual decline in standalone net profit after tax to EGP 38.18 million in H1-22/23 from EGP 39.78 million.

Non-consolidated EPS edged down to EGP 0.047 as of 28 February 2023 from EGP 0.049 a year earlier.

Financial Results for Q2-22/23

During the second quarter (Q2) of FY22/23, the company’s consolidated net profits after tax enlarged to EGP 84.08 million from EGP 67.60 million in Q2-21/22, including minority interest.

The revenues surged to EGP 199.10 million from EGP 162.41 million, while the EPS climbed to EGP 0.11 from EGP 0.09.

As for the standalone business, the net profits after tax soared to EGP 19.38 million in Q2-22/23 from EGP 18.89 million in the year-ago period, whereas the EPS rose to EGP 0.024 from EGP 0.023.

During Q1-22/23, Taaleem Management registered consolidated profits worth EGP 107.99 million, higher by 50.20% year-on-year (YoY) than EGP 71.87 million.