Cairo – Mubasher: General Company for Silos and Storage’s profits for the first ten months of fiscal year 2016/2017 rose by 39% year-on-year.

Net profit amounted to EGP 55.97 million in the first ten months of FY16/17, versus EGP 40.27 million for the same period last year, a bourse filing said on Thursday.

The company had earlier reported a net profit of EGP 44.46 million for the first nine months of FY16/17.

The stock rose at Wednesday’s close by 1.58% to EGP 38.54.