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MOED’s profits rise 72.7% YoY in 9 months

MOED’s profits rise 72.7% YoY in 9 months

Arab Finance: The Egyptian Modern Education Systems (MOED) has reported a 72.67% year-on-year (YoY) increase in net profits after tax during the first nine months of the fiscal year (FY) 2021/2022, recording EGP 5.32 million, according to the financial statement filed to the Egyptian Exchange (EGX) on Jun 2nd.

Net operating revenue surged to EGP 23.137 million in the July-March period of FY 2021/2022 from EGP 20.881 in the comparative period a year earlier.

Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.

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