Cairo – Mubasher: Rakta Paper Manufacturing Company signed a technical consulting agreement with India’s C2C Consultancy.

Under the agreement, the company aims to upgrade its factories with the consultation of the Indian firm, according to a bourse disclosure on Wednesday.

During fiscal year 2019/2020, Rakta incurred net losses of EGP 124.64 million, compared to EGP 123.26 million a year earlier, and generated EGP 26.09 million in revenue, down from EGP 138.62 million in FY18/19.