Arab Finance: Raya Contact Center (RACC) recorded a 46.5% year-on-year (YoY) decline in consolidated net profit attributable to the parent company for the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 13^th.

The company’s consolidated net profit attributable to the parent company reached EGP 10.193 million in the nine-month period ended September 30^th, compared to EGP 19.066 million in the year-ago period.

The company also generated consolidated revenues of EGP 848.265 million in the January-September period of 2022, up from EGP 561.367 million in the same period of 2021.

At the level of standalone financial statement, Raya turned to losses in the period from January 1^st to September 30^th, with a net loss after tax of EGP 18.889 million, versus a profit of EGP 7.769 million in the same period of 2021.

Raya Contact Center is an Egypt-based company, operating with outsourcing services as well as contact center, back office, inside sales, and professional services