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Wednesday, 28 July 2021

Egypt's GB Auto to pay 1 EGP dividend for 2010

Reuters, Thursday 31 Mar 2011

Shareholders in Egypt's GB Auto approved one Egyptian pound ($0.17) per share cash dividend, the company said in a statement released by the stock exchange on Thursday.

The company, Egypt's biggest listed automobile assembler, earlier reported that 2010 net profit rose 28.1 percent to 257.9 million pounds.

It said it expected its car sales to bounce back quickly in 2011 after the political protests that ousted President Hosni Mubarak, but commercial sales would likely suffer for the rest of the year.

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