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Rakta turns to profitability in 8 months

Rakta turns to profitability in 8 months

ArabFinance: General Company for Paper Industry (Rakta) (RAKT) has posted a net profit of EGP 387.777 million from July 1st to February 28th, compared a net loss of EGP 7.875 million in the comparative period a year earlier, according to a filing to the Egyptian Exchange (EGX) on Sunday.

It is worth noting that Rakta posted a net profit after tax of EGP 397.802 million in the first half (H1) of fiscal year (FY) 2021/2022.

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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