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

Newswire

CAIRO, March 31 (Reuters) - Shareholders in Egypt's GB Auto approved a 1 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. [ID:nLDE7240AZ] It said it expected its car sales to bounce back quickly in 2011 after the political protests that ousted President Hosni Mubarak, but ...

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