Raya Holding posts 39.2% plunge in H1 profit

Raya Holding for Technology and Communications released H1-11 consolidated financial statements which reflected net earnings of EGP 12.423 million, declining 39.2% Y-o-Y compared with approx. EGP 20.440 million.

Non-consolidated figures for the same period indicated a bottom line of EGP 23.751 million, compared with EGP 41.497 million in H1-10.