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Egypt's GB Auto reports 88% drop in net income
- Egypt: Thursday, May 12 - 2011 at 09:39
Egypt's GB Auto has posted an 88.8% plunge in its first quarter net to EGP7.7m ($1.3m) compared with the same period a year ago, Reuters has reported. Egypt's biggest listed automobile assembler said net income was EGP68.7m in the same quarter of 2010. Revenue in the quarter fell 2.1% year-on-year to EGP1.3bn.
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StaffThursday, May 12 - 2011 at 09:39 UAE local time (GMT+4)
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