{"id":90583,"date":"2024-03-29T00:00:00","date_gmt":"2024-03-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/taaleem-books-aed-182-8-in-net-income-for-1h-2023-24\/"},"modified":"2024-03-29T00:00:00","modified_gmt":"2024-03-29T00:00:00","slug":"taaleem-books-aed-182-8-in-net-income-for-1h-2023-24","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/29\/taaleem-books-aed-182-8-in-net-income-for-1h-2023-24\/","title":{"rendered":"Taaleem books AED 182.8 in net income for 1H 2023-24"},"content":{"rendered":"

Education provider <\/strong>Taaleem<\/a><\/strong> recorded a bottom line of AED 182.8 mn in 1H <\/strong>2023-24<\/strong>, up 53% y-o-y on the back of \u201cenrolment growth, additional schools, interest gains on cash reserves, and low debt position,\u201d according to the company\u2019s earnings release (pdf)<\/a>. The company\u2019s revenues increased 15% y-o-y during the period to AED 548.7 mn, with a record number of nearly 38k students enrolled in its schools \u2014 up 33.2% y-o-y \u2014 during the first half of the company\u2019s fiscal year, which runs from September to August. <\/p>\n

The company saw an increase of 51.5% y-o-y in new students enrolled in its PPP schools<\/strong>,after it secured six new government partnership schools during the first half of the year, including an additional school in 2Q 2023-24 for the Charter School\u2019s vertical in Abu Dhabi. Taaleem\u2019s premium schools portfolio saw a 10.3% y-o-y rise in enrolment during the period, with an 83% capacity rate during 1H 2023-24, up nearly eight percentage points.<\/p>\n

Taaleem<\/strong> poured over AED 10 mn in investments geared at upgrading its facilities<\/strong> during the six-month period, introducing new BTEC courses for autistic children, and bagging approval to implement solar panels across all Taaleem schools as part of an initiative that also saw it integrate science education programs to promote sustainability across curriculums. The company also partnered with British School to establish a school in Jumeirah for some 1.9k students, with the handover planned for the beginning of May 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enrollment in Taaleem schools climbed 33.2%<\/p>\n","protected":false},"author":1,"featured_media":90584,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1596],"tags":[237,313,7,1114],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-education","tag-enterpriseam-uae","tag-taaleem","wpautop","entry"],"acf":{"mongo_id":"97447bd6-6dc3-4d1f-aa2a-95c2277b9bd8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2624.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taaleem books AED 182.8 in net income for 1H 2023-24","related_issue":[90572],"teaser":"Enrollment in Taaleem schools climbed 33.2%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.225384ad-933d-408c-a2fa-8d1197f015b0.mp3"},"yoast_head":"\nTaaleem books AED 182.8 in net income for 1H 2023-24 - 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