Raya Holding records loss of LE61.67M in 2020

CAIRO – 14 March 2021: Raya Holding Company for Financial Investments recorded a decline in its losses during 2020 by 56.3 percent, reaching LE 61.67 million, compared to losses of LE to 141.04 million of 2019.

The share of non-controlling interests reached profits of LE 15.99 million during 2020, compared to LE 55.94 million in 2019.

The net loss for the year amounted to LE 45.68 million, during 2020, compared to LE 85.1 million in 2019.

Activity revenues increased to LE 10.75 billion in 2020, compared to LE 8.76 billion in 2019.

As for standalone results, the company turned into losses during 2020 at LE 115.03 million in, compared to LE 59.28 million in 2019.

Raya operates within the Software and Services sector focusing on IT Consulting and Other Services.