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Thndr Claps » EGY Claps » Earnings 📈 » Rakta turns profitable 

Rakta turns profitable 

by Ziad Amin
April 27, 2022

The Clap

Rakta Paper Industries Company (RAKT) recorded net income of EGP 382.45 million through the first 9 months of FY-2022, compared to losses of EGP 74.85 million during the corresponding nine months of last year.

The deets

The company attributed its realized profits to the sale of untapped land, in order to pay off the company’s debt to the gas company “Petrotrade, in addition to paying a portion of its owed loans to the “Holding Company for Chemical Industries.”

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