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better cater to its clients within this
segment. Management is currently in
the process of developing an incentive
scheme that is expected to further
boost the division’s operational and
financial performance.
GB Auto’s newly launched pre-owned
Commercial Vehicle & Construction
Equipment venture, GB for Heavy
Trucks and Construction Equipment
Trading, also yielded promising re-
sults during its first six months in op-
eration, with revenues of LE 33.3 mil-
lion and gross profit of LE 4.0 million.
360, GB Auto’s new after-sales retail
outlets, made minor losses despite
healthy margins during the year due
to profits being cut into by overheads
as only one branch remained op-
erational during the year. 360 stores
Other Gross Profit by Year
(LE million)
-8.7
-9.4
-6.7
9.0
29.6
-5.2
-11.0
2011
2010
2012 2013 2014
2016
2015
Other Sales Revenues by Year
(LE million)
10.9
2.6
4.4
79.0 218.5
27.4
32.6
2011
2010
2012 2013 2014
2016
2015
offer a range of PC tires, batteries,
lubricants, spare parts, and accesso-
ries. It also provides related services
such as tires and battery installation,
oil and filter changing, in addition to
some light mechanical services.
Gross profit from the division in FY16
was up an impressive 229.5% at LE 29.6
million, with the gross profit margin in-
creasing 2.2 percentage points to 13.5%.
2016 ANNUAL REPORT
45