Cairo – Mubasher: Raya Contact Center posted on Monday a rise of 246% in the company’s consolidated profits for the first eleven months of fiscal year 2016 to EGP 98.6 million, versus EGP 28.49 million for the same period of 2015.
Standalone profits grew in the eleven-month period by 153% to EGP 82.6 million from EGP 32.6 million for the same period of the previous year, according to a bourse statement.
Consolidated profits amounted to EGP 27 million in 2013, EGP 36.4 million in 2014, and EGP 30.09 million in 2015.
Meanwhile, standalone profits reached EGP 9.1 million in 2013, EGP 34.4 million in 2014, and EGP 35 million in 2015.
Raya Contact Center, a subsidiary of Raya Holding for Financial Investment, said that its financial advisor Grant Thornton has set the fair value (FV) for its share at EGP 17.91, noting that it will offer 48,994 million shares for subscription.
