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General Silos profits decline 7% in 9m

General Silos profits decline 7% in 9m
Photo Credit: Arabianeye-Reuters

General Company for Silos and Storage reported net profits of EGP 10 million in the nine-month period ended 31 March 2015, down by 6.6% from EGP 10.7 million in the same period of the previous year.

The company said it’s targeting net profits of nearly EGP 15.4 million in the fiscal year 2015/16.

General Silos is capitalised at EGP 100 million, distributed across 10 million shares at EGP 10 par value each.