The ordinary general meeting of vehicle assembler Ghabbour Auto (GB Auto) ratified on Thursday the financial statements, as well as the board and auditor’s reports, for the fiscal period that ended on June 03, 2014.
The company had posted a 148% surge in Q2 net profit, citing increased commercial vehicle sales and the expansion of its factories.
H1-04 consolidated net profit rose 37% to EGP 135.124 million, compared with EGP 98.747 million in the same period a year earlier.