Rakta’s board decommissions 4 production lines

Updated 3/10/2022 2:52:00 PM

ArabFinance: The board of directors of General Company for Paper Industry (Rakta) (RAKT) has decided to decommission four production lines, according to a filing to the Egyptian Exchange (EGX) on Thursday.

The board also decommissioned a boiler and a turbine and their accessories.

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.