Cairo – Mubasher: General Company for Silos and Storage said Sunday that its ordinary general meeting (OGM) has adopted the estimated budget for fiscal year 2017/2018.

The company targets to achieve a net profit of EGP 58.39 million in FY17/18, according to a bourse filing.

The OGM also agreed to amend the investment budget for FY17/18 from EGP 38.75 million from EGP 35.398 million.

The company plans invest EGP 49.31 million in the current fiscal year.