Egypt’s Raya profits drop in 9 months

Egypt’s Raya Holding for Financial Investments (RAYA.CA) achieved a total profit of 56,689,441 Egyptian pounds, down from 85,760,197 pounds in the same period last year, according to a report sent to the Egyptian Exchange (EGX) on Thursday.

In the first six months of 2023, the EGX-listed company generated 110.74 million pounds in standalone net profit after tax, compared to 77.48 million pounds during the same period in the previous year.