Cairo – Mubasher: General Company for Silos and Storage said Tuesday that it targets a year-on-year increase of 7.2% in the company’s profits for the fiscal year 2017/2018.
The company plans to achieve profits worth EGP 58.39 million in FY17/18, compared to an estimated profit of EGP 54.44 million for FY16/17, according to a bourse filing.
Investment budget for FY17/18 was set at EGP 49.31 million.
In the first eight months of FY16/17, profits declined 5.2% to EGP 34.5 million from EGP 36.41 million for the same period of FY15/16.
