Cairo – Mubasher: Raya Holding for Technology and Communications Company posted on Tuesday net losses of EGP 553,600 ($62,000) for the first quarter of fiscal 2016, against a net profit of EGP 3.85 million ($432,000) in Q1-15.
Standalone profits reached EGP 8.27 million by the end of March 2016, versus EGP 9.9 million ($1.11 million) in the same period of 2015, according to a bourse filing.
Raya Holding earlier reported a net profit of EGP 103.8 million for FY15.
