Egypt’s Raya Holding: FY/12 Net Profit 40.2% Up

Raya Holding for Technology and Telecommunication SAE (RAYA.CA) has announced on Tuesday its consolidated financial statements for FY/2012 reporting a net profit of EGP 48 million, compared to FY/2011 net profit of EGP 34 million, representing an increase of 40.2%.

For Raya’s standalone financial statements, the firm posted a net profit of EGP 95 million for FY/2012, compared to EGP 63 million net profit for FY/2011.