General Company for Silos announced that its ordinary general assembly approved the distribution of cash dividends totaling EGP 74.37 million

The General Company for Silos and Storage’s (GSSC) net profits after tax rose 45.55% year on year (YoY) during the fiscal year (FY) 2023/2024.

The General Company for Silos and Storage’s (GSSC) net profits after tax rose 37.68% year on year (YoY) during the first half (H1) of the current fiscal year (FY) 2023/2024, according to the unaudited financial indicators sent to the Egyptian Exchange (EGX) on February 18th.

The General Company for Silos and Storage (GSSC) has announced the distribution of cash dividends of EGP 3 per share in January, as per a disclosure.

The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the General Company for Silos and Storage (GSSC) of EGP 50 million distributed over 5 million shares.

GCSS is an Egypt-based company that operates in the food processing industry sector, particularly in the manufacture, trade, import, export, storage, packaging, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.

The General Company for Silos and Storage’s (GSSC) net profits after tax went up 22% year on year (YoY) in the first nine months of fiscal year (FY) 2022/2023.