GB Auto’s Q1 net profit up 5.8% | GB Auto’s Q1 net profit up 5.8% -
gb-auto

GB Auto’s Q1 net profit up 5.8%

: Saturday, May 10 - 2014 @ 11:06

Egyptian auto distributor GB Auto has reported a 5.8% increase in net income in the first quarter to EGP71.5m ($10.17m) from EGP67.58m a year earlier, Reuters has reported. Revenues jumped 28.1% to EGP2.6bn, the firm said. “Strong growth in key lines of business minimised the impact on our bottom line of a ban in Egypt on new imports of motorcycles and three-wheelers,” GB Auto CEO, Raouf Ghabbour, said.

Today's Top Stories

Posted by

Saturday, May 10- 2014 @ 11:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically






JobsVIEW ALL

Search for jobs

Latest Jobs