{"id":560835,"date":"2021-03-15T05:35:05","date_gmt":"2021-03-15T05:35:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/"},"modified":"2021-03-15T05:35:05","modified_gmt":"2021-03-15T05:35:05","slug":"raya-holding-reduces-losses-by-46-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/","title":{"rendered":"Raya Holding reduces losses by 46% in 2020"},"content":{"rendered":"

Raya Holding cut its losses by 46% y-o-y in 2020<\/strong>, posting a bottom line that was EGP 45.7 mn in the red compared to EGP 85 mn<\/a> the year before, according to an earnings release (pdf)<\/a>. The company grew its top line 22% to EGP 10.76 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/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":[409,72,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560835","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"5e0e473a-9edb-4198-8ab6-4653c47a9e59","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560820],"teaser":"","voice_url":""},"yoast_head":"\nRaya Holding reduces losses by 46% in 2020 - 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\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding reduces losses by 46% in 2020\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T05:35:05+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\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya Holding reduces losses by 46% in 2020\",\"datePublished\":\"2021-03-15T05:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\"},\"wordCount\":47,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings watch\",\"EnterpriseAM\",\"Raya Holding\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\",\"name\":\"Raya Holding reduces losses by 46% in 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-15T05:35:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Raya Holding reduces losses by 46% in 2020\"}]},{\"@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 reduces losses by 46% in 2020 - 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\/2021\/03\/15\/raya-holding-reduces-losses-by-46-in-2020\/","og_locale":"en_US","og_type":"article","og_title":"Raya Holding reduces losses by 46% in 2020","og_description":"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). 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The company saw revenues reach EGP 7.56 bn in the first nine months of 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":544638,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/raya-holding-returns-to-the-black-in-2021\/","url_meta":{"origin":560835,"position":1},"title":"Raya Holding returns to the black in 2021","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"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.","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570061,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/raya-reports-egp-85-mn-loss-in-2019\/","url_meta":{"origin":560835,"position":2},"title":"Raya reports EGP 85 mn loss in 2019","author":"enterpriseam admin","date":"17 March 2020","format":false,"excerpt":"EARNINGS WATCH- Raya Holding for Financial Investments has reported losses of EGP85.1 mn during 2019, compared to profits of EGP 89.1 mn a year earlier.","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":595964,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/15\/earnings-watch-raya-holding-domty-suez-cement-tourah-cement\/","url_meta":{"origin":560835,"position":3},"title":"Earnings watch: Raya Holding, Domty, Suez Cement, Tourah Cement","author":"enterpriseam admin","date":"15 August 2019","format":false,"excerpt":"EARNINGS WATCH: Domty 2Q2019 net profits fall 35% y-o-y: Arabian Food Industries (Domty) reported 2Q2019 net income of EGP 37.5 mn, compared to EGP 57.7 mn a year earlier, the company said in a bourse filing (pdf). 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