General Company for Silos’ profit records EGP 37.3M end-November
Updated 12/29/2021 1:10:01 PM
ArabFinance: The board of directors of General Company for Silos and Storage (GSSC) has approved the company’s financial position for the period ended November 30th, 2021, according to a statement filed to the Egyptian Exchange (EGX).
The company’s income statement showed it has achieved a net profit of EGP 37.35 million at the end of November 2021, compared to a profit of EGP 32.74 million in the year-ago period.
Moreover, the board assigned the company’s CEO to take all necessary decisions regarding raising the issued and paid-up capital by EGP 25 million to EGP 125 million through the distribution of 2.5 million bonus shares at a par value of EGP 10 per share.
GCSS is an Egypt-based company engaged in the food processing industry sector.
The company is primarily involved in the manufacture, trade, import, export, storage, package, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.
