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Taaleem Management records leap in Q1-23/24 net profits

Taaleem Management records leap in Q1-23/24 net profits
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Cairo – Mubasher: Taaleem Management Services logged consolidated net profits after tax amounting to EGP 220.72 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, versus EGP 107.99 million in Q1-22/23.

Earnings per share (EPS) stood at EGP 0.30 in the September- November 2023 period, up year-on-year (YoY) from  EGP 0.14, according to the financial results.

Revenues hit EGP 391.89 million in Q1-23/24, marking a YoY jump from EGP 229.80 million.

Total assets increased to EGP 3.58 billion at the end of last November from EGP 3.21 billion as of 31 August 2023.

Standalone Financials

Taaleem Management achieved EGP 32.96 million in standalone net profit after tax during Q1-23/24, an annual rise from EGP 18.80 million.

Non-consolidated EPS jumped to EGP 0.04 in Q1-23/24 from EGP 0.02 in Q1-22/23, while the revenues hiked to EGP 64.29 million from EGP 37.34 million.