Cairo – Mubasher: Raya Holding for Financial Investment has achieved consolidated net profits of EGP 541.38 million in 2021, versus net losses of EGP 45.68 million in 2020, including minority shareholders' rights.

The company generated revenues of EGP 16.85 billion in 2021, up from EGP 10.75 billion in the earlier year, according to a bourse filing on Sunday.

As for the standalone businesses, the company recorded net profits of EGP 445.75 million last year, against net losses of EGP 115.02 million in 2020.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company achieved consolidated profits worth EGP 481.86 million, against losses standing at EGP 53.69 million in the same period last year.