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11/1/24, 4:14 PM Alef Education Reports Strong Financial Performance for Q3 2024
Alef Education Reports Strong
Financial Performance for Q3 2024
By Shahba Mayyeri October 31, 2024 1 min read
Alef Education Holding announced robust financial results for the period ending September
30, 2024, marking its second earnings report since its June IPO.
The company recorded an 8% increase in adjusted profit before tax, reaching AED 379
million, driven by a strong revenue foundation and focused cost efficiencies. Revenues
rose 2.5% to AED 551 million, underpinned by a strategic long-term contract with the Abu
Dhabi Department of Education and Knowledge (ADEK), securing a steady revenue
stream for the next seven years.
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