Arab Finance: General Company for Paper Industry (RAKTA) posted a 47.4% year-on-year (YoY) increase in its net losses after tax in the first half (H1) of fiscal year (FY) 2023/2024, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on January 31st.
The company suffered net losses after tax of EGP 69.275 million in the period from July through December, versus EGP 46.980 million in the same period a year earlier.
Meanwhile, revenues came in at EGP 202,000, up 34.6% from EGP 150,000.
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.
