Taaleem Reports its H1 23/24 Results
23-04-2024
Investor Relations
23-04-2024
H1 23/24 Key Financial Highlights
• Total revenue came in at EGP 690mn, achieving a growth of 61% YoY.
• Gross profit came in at EGP 547mn, a substantial 74% YoY growth, with a gross profit margin of 79%, up by 600 bps YoY.
• EBITDA recorded EGP 463mn, growing 73% YoY with a substantial 67% margin.
• Net income reached EGP 358mn, up by 86% YoY, yielding a solid margin of 52%.
• Cash & cash equivalents amounted to EGP 462mn, while total debts stood at EGP 1.1bn, reflecting a net debt position of EGP 603mn in line with Taaleem’s growth and capital structure optimization plans.
• CAPEX totaled EGP 818mn, reflecting the development of phase one of Badya University and NUB’s new faculties and University Hospital in the campus expansion.
12-09-2022
Cairo, September 12, 2022: Taaleem is pleased to announce that the ongoing enrollment process for the Academic Year (AY) of 2022/23 at Nahda University in Beni Suef (NUB) is progressing strongly and is expected to reach nearly double the new intake numbers recorded in the AY of 2021/22 based on the number of students who have registered and paid for the coming year. NUB’s enrollment window for the AY of 2022/23 will remain open until mid-October, with 9 operating faculties including the...
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09-06-2022
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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13-02-2022
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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