Page 30 - ALEF EDUCATION PR REPORT - JULY 2024

7/31/24, 11:11 AM Alef reports 1% revenue growth, but profit margin increases to 70% - Arabian Business: Latest News on the Middle East, Real Est…
Alef reports 1% revenue growth, but

profit margin increases to 70%

On revenue of $96.4 million, the Abu Dhabi education provider’s

Adjusted Profit before tax rose 7 per cent to $67.8 million

Alef Education reported a 7% increase in adjusted profit before tax to AED 249 million

Abu Dhabi-based education service provider Alef Education Holding has reported its first

result since its successful initial public offering (IPO) and subsequent listing on the Abu
Dhabi Securities Exchange in June this year.

Revenue increased slightly from the previous year’s first half, up 1 percent to AED354
million ($96.4 million), while Adjusted Profit before tax for H1 2024 rose 7 percent to

AED249 million ($67.8 million) with margin expansion to 70 percent – substantially above
industry benchmarks.

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