Arab Finance: The Egyptian Modern Education Systems (MOED) has reported a 25.45% year-on-year (YoY) increase in net profits after tax during the first nine months of the fiscal year (FY) 2022/2023, recording EGP 6.673 million, compared to EGP 5.319 million, according to the financial statement filed to the Egyptian Exchange (EGX) on June 6th.

Net operating revenue surged to EGP 27.876 million in the July-March period of FY 2022/2023 from EGP 23.136 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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