TAALEEM MANAGEMENT SERVICES
TALM
Financial ResultsPositive News
Taaleem's Profit Soars: H1 Earnings Skyrocket!
Taaleem Management Services reports a massive profit jump in H1 2023/24, with revenues and EPS also experiencing significant growth.
April 24, 2024 at 4:01:00 PMScore: 95
Taaleem Management Services (TALM) has announced a remarkable surge in profitability for the first half of fiscal year 2023/2024. Consolidated net profit after tax reached EGP 357.86 million, a significant leap from EGP 192.08 million in the same period last year. This impressive growth is fueled by a substantial increase in revenues, climbing to EGP 689.98 million from EGP 428.91 million. Earnings per share (EPS) also saw a considerable rise, reaching EGP 0.47 compared to EGP 0.26.
The second quarter of FY23/24 mirrored this positive trend, with consolidated net profit increasing to EGP 137.13 million from EGP 84.09 million year-over-year. Revenues for the quarter also rose to EGP 298.08 million from EGP 199.10 million. Standalone results further highlighted the company's strong performance, with net profit growing to EGP 125.28 million from EGP 38.18 million, and service revenues surging to EGP 202.02 million from EGP 74.68 million.
Recommended Actions
- Consider reviewing your portfolio allocation to include TALM.
- Analyze the reasons behind Taaleem's revenue surge to assess future growth potential.
- Compare Taaleem's performance against its competitors in the education sector.
- Monitor upcoming financial reports for continued positive trends.
- Consult a financial advisor to determine if TALM aligns with your investment strategy.
Positive Aspects
- Significant profit increase
- Revenue growth
- Higher earnings per share
- Strong standalone results
Recent News
January 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
