Arab Finance: The General Company for Silos and Storage’s (GSSC) net profits attributable to the parent company rose 41.7% year on year (YoY) during the first nine months of the current fiscal year (FY) 2023/2024, according to the financial statement.

Net profits after tax amounted to EGP 75.947 million from January through March this FY, up from EGP 53.585 million in the corresponding period in the prior FY.

Meanwhile, operating revenues surged to EGP 875.363 million from EGP 737.274 million.

GCSS is an Egypt-based company that operates in the food processing industry sector, particularly in the manufacture, trade, import, export, storage, packaging, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.

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