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General Silos targets EGP15.4m earnings in FY15/16

General Silos targets EGP15.4m earnings in FY15/16
Photo Credit: Arabianeye-Reuters

General Company for Silos and Storage Co. is targeting EGP 15.4 million after tax profit in the fiscal year 2015/2016, it said a bourse statement.

The company aims for EGP 32.3 million in total investments, according to the estimated budget for 2015/2016.

General Silos posted EGP 2.42 million net profit in the six-month period ended December 2014, down by 38.7% from the corresponding period of last year.