Cairo – Mubasher: The board of directors of the General Company for Silos and Storage approved the estimated budget for fiscal year 2020/2021.
The company aims to achieve net profits after taxes of EGP 84.78 million in the coming fiscal year, according to a bourse statement on Monday.
The company’s planned budget targets investments of EGP 73.44 million in FY20/21.
The board also approved the company’s financial position as of 29 February 2020 with net profits of EGP 65.95 million, compared to EGP 62.6 million in the year-ago period.
It is worth mentioning that during the July-December period of FY19/20, the company’s net profits edged up to EGP 49.21 million, compared to EGP 49.2 million in the corresponding period a year earlier.
