Egypt's GB Auto's posts 72% increase
- Egypt: Sunday, November 16 - 2008 at 12:21
GB Auto, Egypt's only publicly traded automotive company, posted a net income of LE417m for the first nine months of 2008, a 72% increase over the same period in 2007. The company reported sales of 44,198 passenger cars. The company's gross profit margin rose to 17.7%, an increase of 3.6%.
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