Financials & Economy

This loophole has prompted accusations of trade distortion, with Indian processors and farmers facing unfair competition.

The 6.7% rise was largely attributed to recent acquisitions that enhanced the company’s operational scale and market reach.

GSSC has offered a cautious outlook for the upcoming fiscal year, projecting a 37.9% drop in profits amid expected market volatility.

Sunflower oil imports declined by 7% in July as market preferences continued to favor more competitively priced soyoil.

Despite the annual profit dip, net profit for the quarter surged by 42.3% to EGP 10.409 million (US$335,000).