Cairo - Mubasher: GB Auto, a leading automotive assembler and distributor in the Middle East and North Africa, said its net profits climbed 89.9% to EGP102.6 million for the third quarter of 2016.
The company's revenues grew 2.9% y-o-y to EGP3.169 billion, with net margins rising 1.5% to 3.2% during the quarter.
As for the first nine months of 2016, the company posted net profits of EGP205 million up 44.4% y-o-y.
The company's revenues also rose 8.4% y-o-y to EGP 9.575 billion for the nine - month period ended September 2016, with net profit margins up 0.5% to 2.1%.
