Cairo – Mubasher: General Company for Silos and Storage’s (GSSC) profits for the first eleven months of fiscal year 2016/2017 declined 30% year-on-year.

Net profit for the eleven-month period ended 31 May 2017 amounted to EGP 71.34 million, versus EGP 102.2 million for the same period in FY15/16, according to a bourse filing released on Tuesday.

The company had earlier posted a net profit of EGP 55.97 million for the first ten months of FY16/17.

The stock rose on Monday by 9.98% to EGP 44.6.