{"id":577695,"date":"2022-12-01T03:58:53","date_gmt":"2022-12-01T03:58:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/cira-education-net-income-revenues-rise-in-fy-2021-22\/"},"modified":"2022-12-01T03:58:53","modified_gmt":"2022-12-01T03:58:53","slug":"cira-education-net-income-revenues-rise-in-fy-2021-22","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/cira-education-net-income-revenues-rise-in-fy-2021-22\/","title":{"rendered":"CIRA Education net income, revenues rise in FY 2021\/22"},"content":{"rendered":"

EGX-listed education outfit CIRA Education reported <\/strong>EGP 389.6 mn <\/strong>in adjusted <\/strong>net income in FY 2021\/2022<\/strong>, up 16% y-o-y, according to the company\u2019s earnings release (<\/a>pdf<\/a>)<\/a>. CIRA Education\u2019s fiscal year runs from September-August. The company\u2019s revenues rose 19% y-o-y during the fiscal year to EGP 1.7 bn on increased enrollments in its higher education and K-12 segments. CIRA Education\u2019s K-12 segment saw 8% y-o-y growth in enrollment rates, while enrollment at its universities rose 6% y-o-y.<\/p>\n

Growth is still going strong, even with inflationary headwinds:<\/strong> \u201cOur resilience amid ongoing market turmoil, and our ability to maintain strong margins all while executing a robust growth plan, is testament to the success of CIRA\u2019s core mission: to deliver quality education across Egypt at affordable price points,\u201d said CEO Mohamed El Kalla. Looking ahead, CIRA Education expects to launch the first phase of Saxony Egypt University<\/a>, Egypt's first private technology university, in September 2023. Cairo Egypt for Education, a JV between CIRA Education and Elsewedy Capital, has also broken ground on two new schools in Cosmic Village<\/a>: FuturesTech and Regent British School. Both are also expected to launch in September 2023. In the pre-K segment, CIRA Education has plans to operate 10 nurseries by the end of the upcoming academic year.<\/p>\n

GO DEEPER- El Kalla recently walked us through the company\u2019s recent rebranding and expansion plans <\/strong>and discussed his views on the education sector. You can read or listen to Part I here<\/a> and read Part II here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EGX-listed education outfit CIRA Education reported EGP 389.6 mn in adjusted net income in FY 2021\/2022, up 16% y-o-y, according to the company\u2019s earnings release (pdf). CIRA Education\u2019s fiscal year runs from September-August. The company\u2019s revenues rose 19% y-o-y during the fiscal year to EGP 1.7 bn on increased enrollments in its higher education and […]<\/p>\n","protected":false},"author":1,"featured_media":577696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[402,409,73,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-cira-education","tag-earnings-watch","tag-education","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"478c45d5-22fd-4037-aafa-89f81dc0bcfb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/10.jpg","photo_position":"above","related_issue":[577675],"teaser":"","voice_url":""},"yoast_head":"\nCIRA Education net income, revenues rise in FY 2021\/22 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/cira-education-net-income-revenues-rise-in-fy-2021-22\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIRA Education net income, revenues rise in FY 2021\/22\" \/>\n<meta property=\"og:description\" content=\"EGX-listed education outfit CIRA Education reported EGP 389.6 mn in adjusted net income in FY 2021\/2022, up 16% y-o-y, according to the company\u2019s earnings release (pdf). 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The private sector education outfit\u2019s revenues were\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/09\/earnings-watch-cira-oriental-weavers-credit-agricole\/","url_meta":{"origin":577695,"position":5},"title":"Earnings watch: CIRA, Oriental Weavers, Credit Agricole","author":"enterpriseam admin","date":"9 November 2020","format":false,"excerpt":"EARNINGS WATCH- CIRA revenues cross EGP 1 bn mark in FY2019-2020: Private sector education outfit CIRA reported a 54% y-o-y rise in net revenues to EGP 1.09 bn in their 2019-2020 fiscal year, which ends on 31 August, according to the company\u2019s earnings release (pdf). 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