GMC Group’s profit shrinks in 9 months

Updated 11/28/2021 12:38:01 PM

ArabFinance: GMC Group for Industrial, Commercial, and Financial Investments (GMCI) posted a net profit after tax of EGP 287,779 for the first nine months of 2021, down from EGP 414,083 in the year-ago period, according to the financial statement filed to the Egyptian Exchange (EGX).

The company’s operating revenue amounted to EGP 2.425 million in the January-September period of 2021.

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.