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Raya Contact Center's board approves capital cut via treasury stock cancellation

Raya Contact Center's board approves capital cut via treasury stock cancellation
The company reported net profits of EGP 36.48 million in 2020
Raya Contact Center
RACC
2.15% 3.32 0.07

Cairo – Mubasher: The board of directors of Raya Contact Center approved the commencement of procedures to cancel some of its treasury stocks.

A total of 4.272 million treasury stocks will be cancelled by reducing capital by EGP 2.14 million, according to a bourse disclosure on Sunday.

In 2020, the company reported consolidated net profits of EGP 36.48 million, down from EGP 114.57 million a year earlier, including minority shareholders’ rights.

Revenues dropped to EGP 733.8 million last year from EGP 815.63 million in 2019.