Rakta incurs EGP 8.36M loss in August

Updated 9/30/2021 11:44:19 AM

ArabFinanceGeneral Company for Paper Industry (Rakta) (RAKT) announced that its board of directors has approved the company’s financial position for the period ending August 31st, 2021, according to a statement filed to the Egyptian Exchange (EGX).

The company has suffered a loss of EGP 8.361 million in August 2021, Rakta highlighted.

Meanwhile, the company has incurred a loss of EGP 16.73 million in the period starting July 1st until August 31st, 2021, the company added.

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.