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Egypt's Raya 2011 H1 profit falls 39 per cent

Telecoms and IT firm sees gains for the first six months fall to LE12.4 million

Reuters, Wednesday 10 Aug 2011
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Views: 928

Egypt's Raya Technology and Communication posted a 39 per cent decline in first-half net profit to LE12.4 million (US$2.1 million), the stock exchange said on Wednesday.

Raya, which sells mobile handsets, runs call centres and provides outsourced IT services, made a net profit of LE20.4 million for the same period in 2010.

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