GMC Group posts EGP 299,010 in H1 2021

Updated 8/18/2021 11:14:00 AM

ArabFinance:  GMC Group for Industrial, Commercial, and Financial Investments (GMCI) posted a net profit of EGP 299,010 in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year decline of 10% when compared to EGP 333,969 in H1 2020.

GMC achieved a net profit of EGP 268,850 in 2020, versus a net loss of EGP 163,756 in 2019.

GMC Group is an Egypt-based public shareholding company engaged in the production of home appliances such as washing machines, dishwashers, electrical and gas ovens, air conditioners, and refrigerators.