Cairo – Mubasher: Raya Holding for Financial Investment registered higher consolidated net profits at EGP 1.27 billion in the first nine months (9M) of 2024, compared to EGP 489.22 million in 9M-23.
Revenues hit EGP 32.27 billion as of 30 September 2024, up year-on-year (YoY) from EGP 22.65 billion, according to the financial results.
Financials for Q3-24
During the third quarter (Q3) of 2024, Raya Holding achieved EGP 513.68 million in net profit, higher than EGP 138.83 million in Q3-23.
The revenues increased to EGP 12.18 billion in Q3-24 from EGP 8.14 billion in July-September 2023.
As of 30 June 2024, Raya Holding generated higher consolidated net profits at EGP 762.13 million, compared to EGP 350.39 million in the year-ago period.
