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Taaleem announced its Q1-24 earnings, stock jumps 11.68%

The Clap

Taaleem Management Services announced its Q1-24 earnings on Monday night.

Here are the numbers that matter the most:

- Revenues grew by 71% YoY to EGP 392 million.
- Gross profit margin improved by 6.5 percentage points YoY to 82% despite a 30% YoY rise in salaries and wages.
- Earnings Before Interet, Taxes, Depreciation, and Amortization (EBITDA) jumped by 91% YoY to EGP 286 million.

Claps Class – EBITDA:

It’s a measure that helps you see how much money a company is making from its core operations without considering certain expenses. It gives a clearer picture of a company’s ability to generate cash and its overall financial health. If EBITDA is positive and growing, it suggests the company is doing well in its day-to-day business.
Net profit grew by a whopping 104% YoY to EGP 221 million.

So What

The company’s stock soared by 25.73% over the last 6 trading sessions and 11.68% on Tuesday alone — the first session after the earnings’ announcement.

Some Context

Established in 2015, Taaleem’s assets include Nahda University in Beni Suef (NUB), 60% of Badya University, and 32% of Memphis University. The latter two are still in development.