Raya says H1 profit falls 39 percent

Egypt's Raya Technology and Communication posted a 39 percent drop in first-half 2011 net profit to LE 12.4 million ($2.1 million), it said in a statement emailed on Sunday.

Raya, which sells mobile telephone handsets, runs call centers and provides outsourced IT services, said it made a net profit of LE 20.4 million for the same period in 2010.