115.3 million dirhams net profits "A thousand education" During the first quarter
Abu Dhabi on May 1 / WAM / A thousand education achieved a net profit of 115.3 million dirhams during the first quarter of this year, an annual increase of 2%, according to a press release issued today.
The company recorded revenues of 179.7 million dirhams, an annual increase of 2% as well, thanks to the fixed contribution to its basic portfolio in the Emirates, including the existing contract with the Department of Education and Knowledge in Abu Dhabi, as well as the remarkable growth in governmental and private contracts outside the scope of this contract locally and internationally.
The company confirmed that it continues to focus on diversifying the sources of income, which was reflected on the high profits before calculating benefits, taxes, consumption and destruction to 132.8 million dirhams, with a pioneering profit margin at the sector level of 74%.
Jeffrey Alfonso, CEO of Alf Education Company, said that with our entry in 2025, we continue to achieve a strong momentum within the typical dealing with government agencies, schools and companies, thanks to our continuous commitment to innovation and global expansion strategies.
He added that the results of the first quarter of the year came to embody this progress, as we recorded a stable growth in revenues and a noticeable improvement in operational efficiency.
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