ArabFinance:  GMC Group for Industrial, Commercial, and Financial Investments (GMCI) achieved a net profit of EGP 268,850 in 2020, versus a net loss of EGP 163,756 in 2019, according to the company’s statement to the Egyptian Exchange on March 30^th.

GMC posted a net profit of EGP 333,969 during the first half of 220, compared to EGP 1.7 million in the same period a year ago.

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.