Cairo – Mubasher: The consolidated net profits of Raya Contact Center plunged by 80% year-on-year (YoY) to EGP 2.04 million in the first quarter (Q1) of 2021, compared to EGP 10.3 million, including minority shareholders’ rights.

The revenues declined to EGP 182.86 million in the first three months of the year from EGP 193.9 million in the same period a year earlier, the company said in a bourse disclosure on Monday.

In addition, the standalone net losses fell to EGP 6.19 million in the January-March period, compared to EGP 8.71 million in the prior-year period.

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.