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GB Auto profits decline 12.4% in Q4

GB Auto profits decline 12.4% in Q4
Photo Credit: Arabianeye - Reuters
GB Corp
GBCO
0.94% 24.82 0.23

Cairo – Mubasher:  Egypt’s leading vehicle assembler GB Auto saw an decrease of 12.4% in net profits for the fourth quarter of 2015.

The company’s net profits for Q4-2015 stood at EGP 28.1 million, down from EGP 32.1 million for the same period a year earlier.

In the same vein, the company saw net profits of EGP 174 million for 2015, compared with EGP 233 million in 2014.