Egypt's GB Auto Q1 net profit falls to 47.15 mln Egyptian pounds

Pulse Staff 07:32 - 12 May 2015

Men work in an assembly line of Hyundai cars in Egypt's biggest car assembler GB Auto in Cairo September 10, 2013. REUTERS/Mohamed Abd El Ghany

CAIRO (Reuters) - Egyptian auto distributor GB Auto's first-quarter net profit fell to 47.148 million Egyptian pounds ($6.18 million) from 71.5 million pounds a year ago, the company said on Tuesday.

GB Auto is the Egyptian distributor of tuk-tuks and motorbikes made by India's Bajaj.

($1 = 7.6300 Egyptian pounds)

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