CIRA Education posts 17% YoY consolidated profit increase in 9 months
Updated 7/29/2024 12:42:00 PM
Arab Finance: CIRA Education recorded consolidated net profits attributable to the parent company of EGP 410.115 million in the nine-month period ended May 31st, up 17% year on year (YoY) from EGP 350.585 million, according to a statement.
Operating revenues jumped to EGP 2.937 billion in the nine-month period from EGP 2.006 billion in the same period a year ago.
On the other hand, standalone net profits after tax dropped to EGP 176.448 million from September to May this academic year, compared to EGP 266.856 million over the corresponding period the year before.
Meanwhile, standalone operating revenues rose to EGP 832.135 million from EGP 520.937 million.
CIRA is an Egypt-based company, operating in the investment field across diversified sectors, including education, construction and real estate, healthcare, information technology, and support services.
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