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Rakta posts EGP48m losses in 8M

Rakta posts EGP48m losses in 8M
Photo Credit: Arabianeye-Reuters
Rakta
RAKT
-4.33% 11.04 -0.50

Cairo - Mubasher: Rakta Paper Manufacturing reported losses of EGP 48.09 million during the eight-month period that ended on 28 February 2017, according to a bourse filing.

The company said in a statement to the Egyptian Exchange (EGX) on Sunday that losses declined to EGP 3.4 million in February compared to EGP 5.9 million in January.

Sales went up to EGP 580,000 in February with net sales of EGP 20.19 million, compared to EGP 19.6 million in the month before.