General Company for Silos’s profits rise 47% YoY in FY2023/24

Updated 7/21/2024 12:02:00 PM
General Company for Silos’s profits rise 47% YoY in FY2023/24

Arab Finance: The General Company for Silos and Storage’s (GSSC) net profits after tax rose 46.67% year on year (YoY) during the fiscal year (FY) 2023/2024, according to the financial indicators.

Net profits after tax amounted to EGP 207.599 million last FY, up from EGP 141.543 million in the prior FY.

Meanwhile, operating revenues went up to EGP 1.263 billion from EGP 1.076 billion.

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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