Cairo – Mubasher: Rakta Paper Manufacturing Co. posted that its net losses in February shrank by 7.8% month-on-month to EGP4.01 million from EGP4.35 million.
The company lost EGP1.39 million as a result that its activity-based cost rose to EGP6.82 million compared to the activity’s yields, while production cost reached EGP8.21 million.
In the first-seven month period ended January 2016, the company logged a net loss of EGP29.48 million.
