ArabFinance: General Company for Silos and Storages (GCSS) net profit rose to EGP 60.79 million in January 2021, from EGP 58.74 million in January 2020, according to the companys recent statement to the Egyptian Exchange.

In July-December 2020, the company reported a 3% Year on Year increase in its net profit, registering EGP 50.65 million, according to unaudited financial statements.

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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