Arab Finance: Company announced Raya Holding for Financial Investments – (RAYA)announced the results of its business during the period from 01/01/2024 to 09/30/2024, which showed achieving a net profit. assembly It amounted to 1,110,279,586 pounds, compared to the company achieving a net profit of 392,946,486 pounds during the period from 01/01/2023 to 09/30/2023.
In the same context, the company achieved net losses independent For the period from 01/01/2024 to 09/30/2024, it was estimated at approximately 249,250,804 pounds, compared to a net profit of 56,689,441 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
On its consolidated business results for the financial period ending on 06/30/2024, it showed achieving revenues of 14.511 billion pounds, an increase of 38% compared to the previous year, according to what the company stated in Disclosure Sent to the Egyptian Stock Exchange.
On a quarterly basis, the company achieved revenues amounting to 9.675 million pounds, an increase of 21% year-on-year.
Raya Holding is a Cairo-based investment group that manages a diversified investment portfolio, working in the fields of information technology, data center outsourcing, communications centers, smart buildings, consumer electronics, food and beverages, land transportation, and electronic payment methods, as the parent company of eleven companies practicing different types of activities and achieving remarkable success.
Raya Holding shares have been listed on the Egyptian Stock Exchange since 2005. Because the company employs more than 13,000 competent employees who meet the needs of a broad base of customers around the world from the company’s branches in the Arab Republic of Egypt, the Kingdom of Saudi Arabia, the United Arab Emirates, Poland and Nigeria.
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