Cairo – Mubasher: General Company for Silos and Storage said its net profits skyrocketed 1218% in the first seven months of FY15/16.
The company posted net profits of EGP 30.97 million for this seven-month period, compared with EGP 2.35 million in the corresponding perod a year earlier.
In the same vein, the company’s board approved the estimated budget for the fiscal year 2016/17, where the company targets net profits of EGP 54.44 million and EGP 34.35 million in investments.
The firm posted earlier net profits of EGP 24.91 million for the first half of FY15/16.
