The Clap:
Raya Holding Company for Financial Investments more than doubled its income and saw a significant boost to its revenues in the three months ending in March.
Revenues:
The company recorded a 59% YoY growth in revenues to EGP 10.41 billion in 1Q 2024.
Gross profit:
Raya’s earnings before interest and tax climbed 57.9% YoY during the first three months of the year to EGP 2.16 billion.
Operating profit:
The firm more than doubled its operating income to EGP 929.59 million, seeing a 106.3% hike YoY.
Net profit:
Raya upped its bottom line 124.4% YoY during the quarter to EGP 377.88 million.
