Cairo – Mubasher: Rakta Paper Manufacturing achieved net profits after tax of EGP 397.80 million during the first six months (6M) of fiscal year (FY) 2021/2022, against losses of EGP 46.09 million during the year-ago period.

Revenues declined by 47% to EGP 264,000 during the first half (H1) of the current FY from EGP 496,000 in H1-20/21, according to a bourse disclosure on Sunday.

It is worth noting that during FY20/21, Rakta Paper recorded net losses of EGP 98.27 million, compared to EGP 124.64 million in the year earlier.