Cairo – Mubasher: General Company for Silos and Storage said Wednesday that its ordinary general meeting (OGM) will be held on 13 May instead of 29 April.

The OGM will discuss and adopt the estimated budget for fiscal year 2017/2018, according to a bourse filing.

The company had earlier said that it targets a year-on-year increase of 7.2% in the company’s profits for the FY17/18 to EGP 58.39 million, compared to an estimated profit of EGP 54.44 million for FY16/17.

The investment budget for FY17/18 was set at EGP 49.31 million.

By 10:42 am Cairo time, the stock grew 4.38% to EGP 41.22.