Dubai – Mubasher: Taaleem Holdings registered AED 50.85 million in net profit during the first quarter (Q1) of fiscal year (FY) 2022/2023, higher by 14.10% year-on-year (YoY) than AED 44.56 million.
Revenues amounted to AED 231.94 million during the three-month period that ended on 30 November 2022, a 32.40% YoY hike from AED 175.24 million, according to the financial results.
The basic and diluted earnings per share (EPS) attributable to shareholders inched up to AED 0.07 in Q1-22/23, compared to AED 0.06 during the same period a year earlier.
Khalid Al Tayer, Chairman of Taaleem, said: “Our strategic growth plan is right on track to deliver several exciting new projects in the next few years, further adding to the strength and reputation of our rapidly growing portfolio of globally recognised schools.”
Alan Williamson, CEO of Taaleem, noted: “The quarter has been one of strong progress with the company’s financial performance ahead of expectations.”
Williamson added: “With exciting new projects to be launched in the near future, we will further provide exceptional education establishments to serve the new and growing communities in Dubai and Abu Dhabi.”
Last November, Taaleem commenced trading on Dubai Financial Market (DFM), after Egyptian Financial Group Hermes Holding (EFG Hermes) had concluded its initial public offering (IPO) at $240 million.
