ArabFinance: General Company for Silos and Storage (GCSS) (GSSC) reported a 15 % Year on Year increase in its net profit in the fiscal year (FY) 2019/2020, according to the company’s financial statements filed to the Egyptian Exchange.
Net profit after tax stood at EGP 7,739,042 in July-September period of 2020, compared to EGP 6,826,359 achieved in the corresponding period a year earlier.
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, grain derivatives, foodstuff, and yeast, as well as animal feed and its components.
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