The land plot has been sold for EGP 447.76 million, Rakta said in a bourse disclosure on Tuesday.
In December 2020, the company signed a deal with the EGPC to sell an 80-feddan land plot in Alexandria Governorate.
In fiscal year (FY) 2020/2021, Rakta Paper Manufacturing incurred net losses of EGP 98.277 million, down from EGP 124.64 million a year earlier.
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