Taaleem Reports its Q1 23/24 Results
15-01-2024
Investor Relations
15-01-2024
Q1 23/24 Key Financial Highlights
• Total revenue came in at EGP 392mn, achieving a growth of 71% YoY.
• Gross profit came in at EGP 322mn, a substantial 85% YoY growth, with a gross profit margin of 82%, up by 646 bps YoY.
• EBITDA recorded EGP 286mn, growing 91% YoY with a substantial 73% margin.
• Net income reached EGP 221mn, up by 104% YoY, yielding a solid margin of 56%.
• Cash & cash equivalents amounted to EGP 440mn, while total debts stood at EGP 829mn, reflecting a net debt position of EGP 389mn in line with Taaleem’s growth and capital structure optimization plans.
• CAPEX totaled EGP 369mn, reflecting the development of phase one of Badya University and NUB’s new faculties and University Hospital in the campus expansion.
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Cairo, June 9, 2022: In its meeting held on Wednesday, June 8 headed by the Minister of Higher Education and Scientific Research, the Supreme Council of Private Universities has decided to terminate the centralized enrollment system that students were required to use to apply to private universities during the academic year 2020/2021 and revert to the pre-2020/2021 direct enrollment system, which allowed students to directly apply to universities through their respective websites. Private...
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Cairo, February 13, 2022: Nahda University in Beni Suef (NUB), the first and largest private university in Upper Egypt, received yesterday the presidential approval to launch the two new faculties of Arts and Architecture in the new extension of NUB. The two faculties are part of the planned expansion over the new land area of around 110,000 sqm acquired by Taaleem in 2020 to host the University Hospital and 5 new faculties. The first phase of the expansion, which will include the...
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