Page 37 - ALEF EDUCATION PR REPORT - JULY 2024
P. 37

Alef Education profits rise but share price

               struggles


               By Gavin Gibbon

               July 30, 2024










































               Unsplash+/Getty
               Alef secured a long term contract with the Abu Dhabi Department of Education that helped to
               increase revenues, as profit hit $68 million

                   •  $68m profit in H1
                   •  Share price down 12.6% on debut

                   •  Long-term contract with Adek

               Alef Education has reported pre-tax profits of AED249 million ($68 million) for the first half of
               2024. However, the company’s share price continues to struggle.

               At noon on Tuesday the share price was AED1.18, down 12.6 percent on its debut IPO price in
               June.






               https://www.agbi.com/markets/2024/07/alef-education-profits-rise-but-share-price-struggles/
   32   33   34   35   36   37   38   39   40   41   42