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General Silos shareholders approve FY14/15 budget estimate

General Silos shareholders approve FY14/15 budget estimate
The ordinary general meeting of General Silos & Storage Co. approved the estimated budget for FY14/15.

The company’s board had approved the budget estimate that showed targeting EGP 15.84 million net profit and EGP 30.685 million.

Financial statements for the period from July 2013 to March 2014, showed that net profit increased by 26.39% to EGP 10.720 million, compared with EGP 391 thousand reported in the same period a year earlier.