Cairo – Mubasher: The General Co. for Paper Industry (Rakta) has logged EGP 50.2 million ($6.4 million) net loss for the fiscal year 2014/15, an increase by 121% from EGP 22.71 million ($2.9 million) a year earlier, the company said in a bourse filing Wednesday.

The company’s full-year revenues retreated to EGP 92.8 million, from EGP 122 million in FY13/15.

Rakta earlier posted EGP 3.4 million loss in May, compared with EGP 3.9 million in the same month a year earlier.