Raya Holding For financial Investments announced consolidated and standalone earnings results for the first quarter of 2020. For period, on consolidated basic, the company reported net losses of EGP 68.8 million, up by 162% year-on-year from EGP 26.2 million, including minority shareholders' rights. Revenue increased to EGP 2.36 billion from EGP 1.99 billion in the year-ago period. For the period, the company reported, on standalone basic, net profits edged down to EGP 61.09 million from EGP 61.1 million a year ago.