Egypt’s Rakta Narrows Losses to EGP22.6 mln in FY12/13

Egypt-based paper suppliers Rakta Paper Manufacturing (RAKT.CA) has narrowed net losses to EGP 22.6 million for the fiscal year of 2012-2013. It is worth noting that Rakta had incurred a net loss worth EGP 23.321 million during the fiscal year of 2011-2012.