Home Tech/AITech news Raya Holding’s Q1 net profit jumps to 40 mln Egyptian pounds

Raya Holding’s Q1 net profit jumps to 40 mln Egyptian pounds

by nada nasser

Egypt’s Raya Holding for Technology and Telecommunication says its first-quarter net profit increased to 40 million Egyptian pounds ($2.2 million).

Earlier, net profit stood at 8 million pounds during the first quarter of 2016.

Standalone net profit climbed to 19 million pounds, compared with 7 million pounds, according to the company’s financial statements released Tuesday.

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