Arab Finance: Taaleem Management Services (TALM) reported an 84.29% year-on-year (YoY) increase in consolidated net profit after tax attributable to the parent company during the academic year of 2023/2024, which ended on August 31st, according to the financial statement filed to the Egyptian Exchange (EGX) on November 3rd.

Net profits grew to EGP 547.547 million in the 12-month period from EGP 297.108 million a year ago.

Revenues climbed to EGP 1.211 billion in the period starting September 1st, 2023, to August 31st, 2024, from EGP 749.858 million.

The company also garnered EGP 217.768 million in standalone net profits after tax, compared to EGP 67.477 million.

Taaleem Management Services operates in the education sector. It owns Nahda University Beni Suef located in Upper Egypt.

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