Rakta is an Egypt-based public shareholding company engaged in the production and distribution of printing and wrings papers
By Staff Writer, Arab Finance
ArabFinance: General Company for Paper Industry (Rakta) (RAKT) anticipated incurring a net loss of EGP 62.992 million in the fiscal year (FY) 2021/2022, according to a filing to the Egyptian Exchange on June 2nd.
The company incurred a net loss of EGP 46.097 million in FY 2020/2021.
Rakta's ordinary general assembly approved the estimated budget of FY 2021/2022, targeting net sales of EGP 2.8 million, compared to EGO 0.5 million in FY 2020/2021 and 26 million in FY 2019/2020.
The listed company incurred a net loss of EGP 69.31 million during the July-February period of the fiscal year 2020/2021
Rakta is an Egypt-based public shareholding company engaged in the production and distribution of printing and wrings papers, and multi-layered duplexes carton papers.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW