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Egypt's Raya Technology Reports 39% Drop In H1 Profit

Published Aug 18, 2011

Egypt's Raya Technology and Communication made a net profit of EGP12.4m in the second quarter, a 30% drop from the same period a year ago, Reuters has reported. Raya, which sells mobile telephone handsets, runs call centres and provides outsourced IT services, said it posted a net profit of EGP20.4m for the same period in 2010.



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