ArabFinance: Taaleem Management Services (TALM) reported an 18% Year on Year increase in its consolidated net profit in the first six months of the fiscal year ending August 31st, according to the companys April 15thfinancial statements filed to the Egyptian Exchange.

Consolidated net profit before minority interest stood at EGP 128.615 million in September-February 2021, compared to EGP 108.964 million achieved in the prior-year period.

Standalone net profit reached EGP 38.192 million in September-February 2021, a 171% leap from EGP 14.093 million posted in the prior-year period.

On April 1st, Taaleem said that its public offering was covered 29.38 times.

Taaleem company is reportedly opening the IPO and private placement for subscription by offering 357.8 million shares owned by Sphinx Obelisk. This volume represents 49% of Taaleems capital.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.

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