Egypt's Raya eyes stronger Q4 after consumer dip | Industries | Technology, Media & Telecommunications | Reuters
CAIRO, Nov 18 (Reuters) - A dip in consumer spending hit profit at Egypt's Raya Communications and Technology (RAYA.CA) in the third quarter, but the company's chairman said he saw potential for strong fourth-quarter growth.
Raya, which sells handsets to consumers, runs call centres and provides outsourced IT services, made a net profit of 13 million Egyptian pounds ($2.4 million) in the third quarter, an 18 percent rise on the same period last year.
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