ArabFinance: General Company for Silos and Storage (GCSS) reported a 10% Year on Year rise in its net profit for the first five months of the fiscal year (FY) 2020/2021, according to the companys unaudited financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 32.740 million in the July-November 2020, compared to EGP 29.747 million achieved in the prior-year period.

GCSS distributed a cash dividend of EGP 3.45 per share for fiscal year (FY) 2019/2020.

In June, GCSS announced the budget for FY 2020/2021, targeting a net surplus of EGP 84.778 million.

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.

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