Cairo – Mubasher: The General Company for Silos and Storage reported a 4% year-on-year (YoY) decline in its net profits to EGP 85.89 million in the first 10 months of fiscal year (FY) 2020/2021, compared to EGP 89.55 million, according to a bourse disclosure on Thursday.

During the first nine months of FY20/21, the company achieved net profits of EGP 78.25 million, slightly up from EGP 78.24 million in the prior-year period.

The revenues declined to EGP 320.84 million in the nine-month period ended 31 March, compared to EGP 323.3 million in the corresponding period a year earlier.