Taaleem Management Services’ consolidated profit rise 79.1% YoY in 9 months

Updated 7/14/2024 11:18:00 AM
Taaleem Management Services’ consolidated profit rise 79.1% YoY in 9 months

Arab Finance: Taaleem Management Services (TALM) reported a 79.1% year-on-year increase in consolidated net profits attributable to the parent company in the nine-month period ended May 31st, 2024, to EGP 611.89 million, versus EGP 341.552 million, as per to the company’s financial statement.

Revenues hiked to EGP 1.149 billion in the nine months to May 31st from EGP 718.478 million over the same period a year ago.

Moreover, the company earned standalone net profits after tax of EGP 170.804 million in the nine-month period, up from EGP 57.404 million in the corresponding period last year.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.

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