GB Auto to Distribute Dividend No.3 By April 26th

By Yomna Yasser On Apr 11, 2012

GB Auto Co. (AUTO.CA) ‘s Board of Directors has declared dividend no. 3 of EGP 1 a share starting from April 26^th 2012, to the holders who would buy shares before the ex-dividend date which will be by the end of the closing session of Sunday April 22, 2012.

The dividend will be distributed through the MCDR’s accredited centers. This comes after the GB Auto’s ordinary general assembly, held on March 29^th, agreed to distribute to the shareholders cash dividends of the gains posted during the fiscal year ended on December 31^st, 2011.

The company posted net profits of EGP 222.987 million in 2011, lower 21.5%, noting that the net profits achieved in 2010 valued EGP 283.956 million.

GB Auto’s issued capital values at EGP 129 million distributed to 129 million securities within a par value of EGP 1 a share.