Cairo- Mubasher: The General Company for Silos and Storage’s board of directors announced an 8.97% year-on-year increase in net profit during fiscal year 2018/19.
The company’s net profits hiked to EGP 100.1 million in FY 18/19 from EGP 91.84 million in FY17/18, General Company for Silos said in a filing to the Egyptian Exchange (EGX) on Thursday.
In FY 18/19, the company’s revenues rose to EGP 409.51 million, 5.4% higher than EGP 388.54 million in FY 17/18.
Noteworthy, in the first eleven months of FY 18/19, the company’s net profits increased to EGP 93.798 million from EGP 87.839 million in the year-ago period.
