General Company for Silos reports 8.7% profit growth in 6 months
Updated 1/31/2022 10:33:03 AM
ArabFinance: General Company for Silos and Storage (GSSC) reported an 8.74% year-on-year (YoY) increase in net profit after tax for the first half (H1) of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
Net profit after tax stood at EGP 55.084 million in H1 FY 2021/2022, compared to a profit of EGP 50.65 million in H1 FY 2020/2021.
On the other hand, revenues dropped by 11.17% to EGP 318.96 million in H1 FY 2021/2022 from EGP 359.06 million in H1 FY 2020/2021.
GCSS is an Egypt-based company engaged in the food processing industry sector.
The company is primarily involved in the manufacture, trade, import, export, storage, package, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.
