GB Auto Q1 sales hit in Egypt, sees market rebound in H2

Newswire

* Firm sees sales pickup in H2 2011 on market recovery

* Q1 passenger car sales fall in Egypt, rise in Iraq

* Says commercial vehicles sales slowest to recover

CAIRO, April 10 (Reuters) - GB Auto , Egypt's biggest listed automobile assembler, said on Sunday political turmoil in the country would weigh on its sales in the first half of 2011, but saw a rebound later in the year.

Chief Executive Raouf Ghabbour said in a statement net profit margins were ...

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