GB Auto To Distribute Dividends To Today Closing Session Shareholders

GB Auto Co. (AUTO.CA) declared cash dividends no. (3) of EGP 1 per share payable on 26/04/2012.

Shareholders as of today closing session of 22/04/2012 are entitled to cash dividends distribution.

The cash dividends shall be distributed through the MCDR’s accredited centers. This comes after the GB Auto’s  ordinary general assembly, held on March 28th, agreed to distribute to the shareholders cash dividends of the gains posted during the fiscal year ended on December 31st, 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.