Raya Holding turns to profits in H1

The revenues soared

Cairo – Mubasher: Raya Holding for Financial Investments turned to consolidated net profits of EGP 151.89 million in the first half (H1) of 2021, versus net losses of EGP 95.529 million in H1-20, including minority shareholders' rights.

The revenues soared to EGP 8.27 billion in the six-month period ended 30 June from EGP 4.77 billion in the same period in 2020, the company said in a bourse disclosure on Monday.

As for standalone business, Raya Holding achieved net profits of EGP 247.422 million in H1-21, against net losses of EGP 32.476 million in H1-20.

In the first quarter (Q1) of 2021, Raya Holding turned to net profits of EGP 35.80 million, versus net losses of EGP 68.80 million in Q1-20, including minority shareholders’ rights.

Source: Mubasher

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