TAALEEM MANAGEMENT SERVICES
TALM
Financial ResultsPositive News
Taaleem Management Soars with 104% Surge in Q1-23/24 Net Profits
Taaleem Management reports a 104% YoY surge in Q1-23/24 net profits, driven by strong revenue growth and asset expansion.
January 17, 2024 at 9:13:00 AMScore: 90
Taaleem Management Services (TALM) reported a staggering 104% year-on-year (YoY) surge in consolidated net profits after tax, reaching EGP 220.72 million in Q1-23/24, compared to EGP 107.99 million in Q1-22/23. Earnings per share (EPS) doubled from EGP 0.14 to EGP 0.30 during the September-November 2023 period. Revenues skyrocketed by 69% YoY to EGP 391.89 million, up from EGP 229.80 million. Total assets also expanded by 11.5% to EGP 3.58 billion as of November 2023. On a standalone basis, net profits surged 75% to EGP 32.96 million, with EPS rising from EGP 0.02 to EGP 0.04. Non-consolidated revenues jumped 72% to EGP 64.29 million.
Recommended Actions
- Consider buying TALM shares for short-term gains if aligned with risk tolerance.
- Monitor upcoming quarterly reports for sustained profit growth.
- Compare performance with industry peers to assess competitive edge.
- Review debt levels and operational costs in future disclosures.
- Consult a financial advisor to align investments with market trends.
Positive Aspects
- 104% YoY surge in consolidated net profits
- 69% revenue growth
- 11.5% asset expansion
- Strong standalone financial performance
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