Raya CX earnings nearly double in 2022

Raya Customer Experience’s (Raya CX) net income rose 93% y-o-y to EGP 42.2 mn in 2022, according to its latest earnings release (pdf). The company’s top line grew 54% to EGP 1.2 bn during the year. “The currency devaluation presented an upside to our topline, however, organic growth accounted for c. 65% of the achieved y-o-y growth,” the company’s newCEO Ahmed Abouelezz said in the release.