Arab Finance: The General Company for Silos and Storage’s (GSSC) net profits after tax grew 25.7% year on year (YoY) in the fiscal year (FY) 2022/2023, according to the unaudited financial indicators sent to the Egyptian Exchange (EGX) on July 31^st.

Net profits after tax amounted to EGP 141.867 million in FY 2022/2023, compared to EGP 112.883 million in the prior FY.

Meanwhile, the firm generated EGP 1.062 billion in revenues, up 33.7% YoY from EGP 794.660 million in FY 2021/2022.

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.

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