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General Company for Silos reports 15% higher profits in Q1-20/21

General Company for Silos reports 15% higher profits in Q1-20/21
Revenues increased to EGP 86.15 million in the July-September period

Cairo – Mubasher: The financial indicators of the General Company for Silos and Storage showed net profits of EGP 7.74 million in the first quarter (Q1) of fiscal year 2020/2021, up by 15% year-on-year (YoY) from EGP 6.72 million.

Revenues increased to EGP 86.15 million in the July-September period, compared to EGP 73.13 million in the corresponding period a year earlier, the company said in a bourse disclosure on Wednesday.

During FY19/20, the company achieved net profits of EGP 102.2 million, up from EGP 100 million a year earlier.