{"id":548675,"date":"2022-08-17T04:00:13","date_gmt":"2022-08-17T04:00:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/"},"modified":"2022-08-17T04:00:13","modified_gmt":"2022-08-17T04:00:13","slug":"b-investments-raya-cx-raya-holding-report-2q-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/","title":{"rendered":"B Investments, Raya CX + Raya Holding report 2Q earnings"},"content":{"rendered":"

<\/a> B Investments\u2019 net income rose <\/strong>7<\/strong>4% in 2Q 2022, reaching EGP 3<\/strong>8.15 mn<\/strong>, according to the company\u2019s consolidated financial statement<\/a>(pdf<\/a>)<\/a>. Revenues for the quarter came in at EGP 44.8 mn, up 19% y-o-y. The company\u2019s bottom line fell 17% y-o-y to EGP 60.5 mn in the first six months of the year, while consolidated revenues dropped 40% to EGP 59.6 mn. The 1H 2022 bottom line includes a EGP 25 mn FX gain, primarily from Infinity Solar assets, it said in its accompanying earnin<\/a>gs release (pdf)<\/a>.<\/p>\n

The breakdown:<\/strong> The decline in 1H 2022 revenues was mainly due to the firm not including Giza Systems\u2019 income starting FY 2022 \u2014 as B investments is in the process of selling its<\/a>65.7% stake<\/a> in the systems integrator \u2014 along with new investments in B Healthcare Investments and taking part in capital increases at Madinet Nasr Housing and Development and Basata, which led to a reduction in cash balance. The lower revenues also came on the back of MNHD not distributing dividends in 1H 2022.<\/p>\n

\n

Raya Customer Experience saw its net income rise 46% y-o-y in 1H 2022 to EGP <\/strong>14.2 mn<\/strong>, the company\u2019s latest earnings release (pdf)<\/a>showed. Its top line grew 44% y-o-y to EGP 540.8 mn. Revenue growth was led by an expansion of the Raya Holding subsidiary\u2019s operations, growing business at its recently acquired<\/a> call center firm Gulf Customer Experience (Gulf CX), and higher utilization rates across its facilities, it said.<\/p>\n

Contact center outsourcing remains Raya CX\u2019s primary revenue generator<\/strong>, reporting EGP 272.1 mn in the first six months of the year, accounting for more than half of total revenues. The company\u2019s insourcing business came in second place with 32% of total revenue, followed by hosting, which made up the remaining 18%.<\/p>\n

A Gulf boom: <\/strong>While the firm\u2019s Egyptian operations continue to account for most of its business, its Gulf operations saw revenues grow nearly sevenfold y-o-y to EGP 78.1 mn thanks to the Gulf CX acquisition. \u201cOne of RCX\u2019s strategies is to grow its geographic footprint into more high value markets in the region and beyond,\u201d the company said. \u201cOur expansion in the Gulf area has proven to be a successful step in realizing our regional growth strategy.\u201d<\/p>\n

\n

Raya Holding\u2019s net income rose 14% y-o-y in 1H 2022 to<\/strong> EGP 144 mn<\/strong>, according to the company\u2019s earnings release (pdf).<\/a> Revenues were up 10% during the first six months of the year, coming in at just over EGP 9.1 bn, as trade, fintech, non-banking financial services (NBFS), IT, and FMCG sectors continued to outperform.<\/p>\n

The breakdown: <\/strong>Raya\u2019s trade and distribution business unit generated 46% of Raya\u2019s total revenues. The second biggest contributor was the firm\u2019s fintech and NBFS business, accounting for almost 19% of revenues, followed by IT, which made up 17% of the total.<\/p>\n

IPO WATCH? <\/strong>The boards of Raya Holding and Aman Holding are hoping that market conditions will soon be favorable to list their NBFS platform Aman on the stock exchange, the company said. The Aman IPO was recently pushed to 2023<\/a> due to turbulence in the financial markets.<\/p>\n

\n

CORRECTION- <\/strong>In our coverage yesterday of Contact Financial Holding\u2019s 2Q 2022 earnings, we misattributed the cause of a 60% rise in the company\u2019s operating expenses, which we have since learned was the result of increased investments in the company\u2019s physical branch network, digital infrastructure, and product offering. The company\u2019s financing operating income was up 27% y-o-y during the quarter, while total operating income grew 30% y-o-y. Contact also recorded portfolio growth of 38% during 2Q. Net income for 1H 2022 was up 18% y-o-y to EGP 258 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

B Investments\u2019 net income rose 74% in 2Q 2022, reaching EGP 38.15 mn, according to the company\u2019s consolidated financial statement(pdf). Revenues for the quarter came in at EGP 44.8 mn, up 19% y-o-y. The company\u2019s bottom line fell 17% y-o-y to EGP 60.5 mn in the first six months of the year, while consolidated revenues […]<\/p>\n","protected":false},"author":1,"featured_media":548676,"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":[140,302,409,72,1070,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-b-investments","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-raya-cx","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"415d3f33-8b26-4d6f-b63f-109b92b8a989","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/295.jpg","photo_position":"above","related_issue":[548659],"teaser":"","voice_url":""},"yoast_head":"\nB Investments, Raya CX + Raya Holding report 2Q earnings - 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\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B Investments, Raya CX + Raya Holding report 2Q earnings\" \/>\n<meta property=\"og:description\" content=\"B Investments\u2019 net income rose 74% in 2Q 2022, reaching EGP 38.15 mn, according to the company\u2019s consolidated financial statement(pdf). Revenues for the quarter came in at EGP 44.8 mn, up 19% y-o-y. The company\u2019s bottom line fell 17% y-o-y to EGP 60.5 mn in the first six months of the year, while consolidated revenues […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-17T04:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"B Investments, Raya CX + Raya Holding report 2Q earnings\",\"datePublished\":\"2022-08-17T04:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\"},\"wordCount\":586,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1\",\"keywords\":[\"B Investments\",\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Raya CX\",\"Raya Holding\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\",\"name\":\"B Investments, Raya CX + Raya Holding report 2Q earnings - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-08-17T04:00:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"B Investments, Raya CX + Raya Holding report 2Q earnings\"}]},{\"@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":"B Investments, Raya CX + Raya Holding report 2Q earnings - 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\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/","og_locale":"en_US","og_type":"article","og_title":"B Investments, Raya CX + Raya Holding report 2Q earnings","og_description":"B Investments\u2019 net income rose 74% in 2Q 2022, reaching EGP 38.15 mn, according to the company\u2019s consolidated financial statement(pdf). Revenues for the quarter came in at EGP 44.8 mn, up 19% y-o-y. The company\u2019s bottom line fell 17% y-o-y to EGP 60.5 mn in the first six months of the year, while consolidated revenues […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-08-17T04:00:13+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"B Investments, Raya CX + Raya Holding report 2Q earnings","datePublished":"2022-08-17T04:00:13+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/"},"wordCount":586,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1","keywords":["B Investments","earnings","earnings watch","EnterpriseAM","Raya CX","Raya Holding"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/","name":"B Investments, Raya CX + Raya Holding report 2Q earnings - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1","datePublished":"2022-08-17T04:00:13+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/b-investments-raya-cx-raya-holding-report-2q-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"B Investments, Raya CX + Raya Holding report 2Q earnings"}]},{"@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\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/295.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":554827,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/earnings-season-still-going-strong-ezz-steel-ode-amoc-prime-holding-rcc-and-b-investments-report-results\/","url_meta":{"origin":548675,"position":0},"title":"Earnings season still going strong: Ezz Steel, ODE, AMOC, Prime Holding, RCC, and B Investments report results","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"Ezz Steel posted a net income of EGP 1.4 bn in 3Q2021, after seeing a loss of EGP 1.3 bn in the third quarter of last year, according to the company\u2019s consolidated financials (pdf). Revenues also rose to EGP 18.6 bn in the third quarter, compared with EGP 8.6 bn\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":572233,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/earnings-watch-sodic-orascom-investment-b-investments-raya\/","url_meta":{"origin":548675,"position":1},"title":"Earnings watch: Sodic, Orascom Investment, B Investments, Raya","author":"enterpriseam admin","date":"16 June 2020","format":false,"excerpt":"EARNINGS WATCH- Sodic reported a net profit of EGP 28 mn in 1Q2020, down from EGP 161 mn in 1Q2019. Revenues came in at EGP 429 mn from EGP 941 mn in the first quarter of 2019. Low interest income following 750 basis points worth of rate cuts by the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/second-quarter-earnings-overdose\/","url_meta":{"origin":548675,"position":2},"title":"Second-quarter earnings overdose","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"EARNINGS WATCH-Prime Holding narrowed its losses in 2Q 2022 to EGP 10.14 mn, from EGP 14.88 in the same quarter last year, according to the company\u2019s earnings release (pdf). The company\u2019s revenues dipped 3.5% y-o-y during the quarter to EGP 22.78 mn.MM Group reported a 40.6% y-o-y drop in its\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":598175,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/earnings-watch-adib-acc-b-investments-raya-naeem-hhd-eastern-obourland-eipico\/","url_meta":{"origin":548675,"position":3},"title":"Earnings watch: ADIB, ACC, B Investments, Raya, Naeem, HHD, Eastern, Obourland, EIPICO","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"EARNINGS WATCH- B Investments posted a net profit of EGP 35.48 mn in 1Q2019, up 5.5% y-o-y from EGP 33.53 mn in the comparable quarter last year, the company said (pdf). The rise in profits was fueled by an 18% increase in revenues to EGP 50.25 mn during the quarter\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603219,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/gb-corp-raya-cx-ekh-holding-tmg-holding-report-1h-earnings\/","url_meta":{"origin":548675,"position":4},"title":"GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings","author":"enterpriseam admin","date":"15 August 2023","format":false,"excerpt":"We\u2019re close to the end of 2Q earnings season","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/721.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639587,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/raya-cx-triples-its-income-y-o-y-in-1h-2024\/","url_meta":{"origin":548675,"position":5},"title":"Raya CX triples its income y-o-y in 1H 2024","author":"enterpriseam admin","date":"12 August 2024","format":false,"excerpt":"Raya CX\u2019s business process outsourcing was once again the primary contributor to growth","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/907.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548675"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548675\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548676"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548675"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548675"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}