{"id":544638,"date":"2022-03-14T03:55:12","date_gmt":"2022-03-14T03:55:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/"},"modified":"2022-03-14T03:55:12","modified_gmt":"2022-03-14T03:55:12","slug":"raya-holding-returns-to-the-black-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/","title":{"rendered":"Raya Holding returns to the black in 2021"},"content":{"rendered":"<p><strong>Raya Holding\u2019s net income rose to <\/strong><strong>EGP 541.4 mn in <\/strong><strong>2021<\/strong>, after having posted losses of EGP 45.7 mn the year before, according to the company\u2019s <a href=\"https:\/\/ent.news\/2022\/3\/%D8%B1%D8%A7%D9%8A%D8%A9-%D9%85%D8%AC%D9%85%D8%B9%D8%A9-13-03-2022.pdf\">financials (pdf)<\/a>. Revenues rose to EGP 16.9 bn, compared with EGP 10.8 bn in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding\u2019s net income rose to EGP 541.4 mn in 2021, after having posted losses of EGP 45.7 mn the year before, according to the company\u2019s financials (pdf). Revenues rose to EGP 16.9 bn, compared with EGP 10.8 bn in 2020.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[302,409,72,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544638","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"af44b50f-86a5-4e5c-800a-5f5a023c03b3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544622],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Raya Holding returns to the black in 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding returns to the black in 2021\" \/>\n<meta property=\"og:description\" content=\"Raya Holding\u2019s net income rose to EGP 541.4 mn in 2021, after having posted losses of EGP 45.7 mn the year before, according to the company\u2019s financials (pdf). Revenues rose to EGP 16.9 bn, compared with EGP 10.8 bn in 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-14T03:55:12+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya Holding returns to the black in 2021\",\"datePublished\":\"2022-03-14T03:55:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\"},\"wordCount\":44,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Raya Holding\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\",\"name\":\"Raya Holding returns to the black in 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-03-14T03:55:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raya Holding returns to the black in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Raya Holding returns to the black in 2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/","og_locale":"en_US","og_type":"article","og_title":"Raya Holding returns to the black in 2021","og_description":"Raya Holding\u2019s net income rose to EGP 541.4 mn in 2021, after having posted losses of EGP 45.7 mn the year before, according to the company\u2019s financials (pdf). 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Revenues rose to EGP 8.3 bn in 1H2021, compared to EGP 4.8 bn in 1H2020.","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560835,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/","url_meta":{"origin":544638,"position":1},"title":"Raya Holding reduces losses by 46% in 2020","author":"enterpriseam admin","date":"15 March 2021","format":false,"excerpt":"Raya Holding cut its losses by 46% y-o-y in 2020, posting a bottom line that was EGP 45.7 mn in the red compared to EGP 85 mn the year before, according to an earnings release (pdf). The company grew its top line 22% to EGP 10.76 bn.","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566060,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/raya-holding-is-back-into-the-green\/","url_meta":{"origin":544638,"position":2},"title":"Raya Holding is back into the green","author":"enterpriseam admin","date":"25 May 2021","format":false,"excerpt":"EARNINGS WATCH- Raya reverses its net loss position in 1Q2021: Raya Holding reported a bottom line of EGP 35.8 mn in 1Q2021, reversing a EGP 68.8 mn net loss incurred in the first quarter of last year, according to its quarterly financials (pdf). This came as the topline nearly doubled\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587677,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/earnings-watch-telecom-egypt-mm-group-housing-and-development-bank-raya-holding-eastern-company-and-abu-qir-fertilizers-report-results\/","url_meta":{"origin":544638,"position":3},"title":"Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to its earnings release (pdf). The company\u2019s revenues climbed 48% y-o-y to EGP 14 bn during the quarter.MM Group for Industry and International Trade\u2019s net income rose 201.7% y-o-y to EGP\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550958,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/raya-holdings-al-baraka-bank-report-1q2022-earnings\/","url_meta":{"origin":544638,"position":4},"title":"Raya Holdings, Al Baraka Bank report 1Q2022 earnings","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"EARNINGS WATCH- Raya Holding\u2019s net income rose 49.7% y-o-y to EGP 53.59 mn in 1Q2022, according to the company\u2019s quarterly financials (pdf). This came on the back of revenues rising to EGP 4.48 bn, compared with EGP 4.03 bn in the same period last year.Al Baraka Bank reported EGP 369.38\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583561,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/","url_meta":{"origin":544638,"position":5},"title":"Earnings watch: CI Capital + Raya Holding","author":"enterpriseam admin","date":"12 March 2023","format":false,"excerpt":"EARNINGS WATCH-CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). 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