Rakta’ losses narrow by 43% YoY in H1

Updated 9/4/2023 9:09:00 AM
Rakta’ losses narrow by 43% YoY in H1

Arab Finance: General Company for Paper Industry (RAKTA) saw a 43% year-on-year (YoY) decline in its net loss after tax in the first half (H1) of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on September 4th.

The company suffered a net loss after tax of EGP 51.765 million in H1 2023, versus a loss of EGP 90.790 million in H1 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