Cairo – Mubasher: General Company for Silos and Storage reported on Thursday a year-on-year increase of 22.8% in its profits for the first nine months of fiscal year 2016-2017.

Profits for the first nine months of FY16/17 amounted to EGP 44.46 million, compared to EGP 36.21 million for the same period of FY15/16, according to a bourse filing.

Revenues for the nine months ended on 31 March 2017 declined to EGP 314.9 million from EGP 394.03 million for the same period last year.