ArabFinance: General Co For Paper Industry (Rakta) (RAKT) called for ordinary general assembly meeting to be held on June 2nd to review the budget for the Fiscal Year (FY) 2020/2021.

In addition, the general assembly will review the suspension of the production until the company plants have been rehabilitated.

In the half one of FY 2019/2020, the company incurred a loss of EGP 50.638 million, a 3% increase from EGP 49.351 million posted a year earlier.

General Company for Paper Industry SAE (Rakta) is an Egypt-based public shareholding company engaged in the production and distribution of printing and wring papers, and multi-layered duplexes carton papers. The company’s products include White Paper, Kraft Paper, Fluting and Special Fluting Paper, Test Liner Paper, Super Kraft Liner Paper, Duplex and Brestol, and Manila paper. Its products are primarily made of rice straws and sugar pulps.

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