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Egypt’s GB Auto posts 40% fall in Q4 profit - Daily News Egypt

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Egypt’s GB Auto posts 40% fall in Q4 profit

Reuters – Egyptian auto distributor GB Auto reported a 40.6% drop in fourth-quarter net profit while revenues rose nearly 20% to EGP 2.819bn ($405.00m). The company said 2013 full-year net profit dropped by nearly 47% to EGP 116m, while revenue was up 10% to EGP 9.130bn. It said it is targeting gross profit of EGP …


Reuters – Egyptian auto distributor GB Auto reported a 40.6% drop in fourth-quarter net profit while revenues rose nearly 20% to EGP 2.819bn ($405.00m).

The company said 2013 full-year net profit dropped by nearly 47% to EGP 116m, while revenue was up 10% to EGP 9.130bn.

It said it is targeting gross profit of EGP 1.4bn this year and revenues of EGP 13.3bn.

Topics: Egypt GB

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https://wwww.dailynewssegypt.com/2014/03/04/egypts-gb-auto-posts-40-fall-q4-profit/
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