Rakta expects net loss in 2021/2022

Rakta’s board of directors approved the budget for the FY 2021/2022

  

ArabFinance: General Company for Paper Industry (Rakta) (RAKT) expected to incur a net loss of EGP 62.99 million in the fiscal year (FY) 2021/2022, according to the company’s March 16thstatement.

Rakta’s board of directors approved the budget for the FY 2021/2022. The company reported net sales of EGP 2.76 million in the FY 2021/2022.

The listed company incurred a net loss of EGP 8.08 million during the July-January period of FY 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.

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