Cairo – Mubasher: Rakta Paper Manufacturing said its losses deepened by 44% during May 2016, according to a bourse filing.
The company registered a net loss of EGP 4.9 million, compared with EGP 3.4 million in May 2015.
Up till the period ended 31 May 2016, the company lost EGP 46.3 million.
In May as well, sales stood at EGP 12.5 million. Thus, the aggregate amount during July-May 2015/16 hit EGP 89 million.
In the first nine months of FY15/16, the company logged EGP 38.13 million losses.
