{"id":566060,"date":"2021-05-25T14:02:01","date_gmt":"2021-05-25T14:02:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/raya-holding-is-back-into-the-green\/"},"modified":"2021-05-25T14:02:01","modified_gmt":"2021-05-25T14:02:01","slug":"raya-holding-is-back-into-the-green","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/raya-holding-is-back-into-the-green\/","title":{"rendered":"Raya Holding is back into the green"},"content":{"rendered":"

EARNINGS WATCH- Raya reverses its net loss position in 1Q2021: <\/strong>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)<\/a>. This came as the topline nearly doubled to EGP 4 bn during the quarter, up from EGP 2.4 bn in 1Q2020.<\/p>\n

Middle East Glass Manufacturing Company's<\/strong> bottom line more than doubled to EGP 69 <\/strong>mn in 1Q2021,<\/strong> up from EGP 31 mn in the same quarter last year, the company told the EGX<\/a>.<\/p>\n

MARKET ROUNDUP- <\/strong><\/p>\n

The EGX30 fell 2.13% at today\u2019s close<\/strong> on turnover of EGP 1.24 bn (2.5% below the 90-day average). Local investors were net buyers. The index is down 2.89% YTD.<\/p>\n

In the green: <\/strong>MM Group (+0.7%).<\/p>\n

In the red: <\/strong>Sodic (-6.2%), ElSewedy Electric (-4.1%) and Ezz Steel (-4.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to EGP 4 bn during […]<\/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":[7219],"tags":[409,633,642,7196,125,131,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566060","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-industry","tag-investment-watch","tag-manufacturing","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"60105821-7701-4fad-904b-d3f377384d2b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566052],"teaser":"","voice_url":""},"yoast_head":"\nRaya Holding is back into the green - 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\/05\/25\/raya-holding-is-back-into-the-green\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Holding is back into the green\" \/>\n<meta property=\"og:description\" content=\"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). 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Operating revenues were up to EGP 206.6 mn during the quarter from EGP 179.4\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":566017,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/fawry-sees-bottom-line-surge-in-1q2021\/","url_meta":{"origin":566060,"position":1},"title":"Fawry sees bottom line surge in 1Q2021","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"The EGX30 rose 0.75% at today\u2019s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors were net sellers. The index is down 0.35% YTD. In the green: ElSewedy Electric (+4.8%), Heliopolis Housing (+3.3%) and Sodic (+1.9%). In the red: Edita (-3.7%), Oriental Weavers (-1.9%) and\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":566328,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/earnings-emaar-misr-alex-medical-more-than-double-net-income-in-1q2021\/","url_meta":{"origin":566060,"position":2},"title":"Earnings: Emaar Misr, Alex Medical more than double net income in 1Q2021","author":"enterpriseam admin","date":"13 June 2021","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr\u2019s consolidated net income more than doubled in 1Q2021 to EGP 529.1 mn, up from EGP 247.6 mn in the same quarter last year, according to the real estate developer\u2019s financials (pdf). The jump came as revenues soared during the first quarter of the year to EGP\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":566351,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/pioneers-arab-dairy-report-higher-net-income-in-1q2021-kabo-narrows-losses\/","url_meta":{"origin":566060,"position":3},"title":"Pioneers, Arab Dairy report higher net income in 1Q2021, Kabo narrows losses","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"EARNINGS WATCH- Pioneers Holding net income inched up to EGP 299.6 mn in 1Q2020, up 10.4% y-o-y from EGP 271.3 mn in 1Q2021, according to the company\u2019s earnings release (pdf). 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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 "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":573765,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/earnings-watch-orascom-development-egypt-rameda-fawry-b-investments-raya-beltone-adib-oriental-weavers-gsk\/","url_meta":{"origin":566060,"position":5},"title":"Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK","author":"enterpriseam admin","date":"17 August 2020","format":false,"excerpt":"EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from EGP 12.9 mn in 2Q2020, according to a company earnings release (pdf). 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