Cairo – Mubasher: General Company for Silos and Storage reported a 65 increase in its profits for the fourth quarter of 2015/16, the unaudited financial results revealed.
The company's profits after tax reached EGP 46 million compared with EGP 27.77 million for the fourth quarter of 2014/15.
The annual profits thus increased to EGP 89.98 million by the end of 30 June 2016, compared with EGP 32.45 million a year earlier.
Earlier, the company approved 2016/17 estimated budget in which a net profit of EGP54.44 million is targeted.
