Basic HTML Version
2012 ANNUAL REPORT
11
Financing Businesses
reported revenue of LE 249.0 million in
FY12, a 59.1% increase over LE 156.5 million in FY11. Gross profit
for the segment saw an 80.3% increase to LE 69.4 million from
LE 38.5 million in FY11. Margins for the segment stood at 27.9%,
a 3.3 percentage point increase year-on-year, thanks to increased
business at all three companies: GB Lease, Mashroey and Drive.
Commercial Vehicle and
Construction Equipment
revenue was LE 465.8 million,
a 36.8% increase over revenue
of LE 340.5 million in FY11.
The division reported gross
profits of LE 20.5 million, a
more-than three-fold increase
over LE 6.3 million the previous
year. Gross profit margin was
4.4%, up from 1.8% in FY11.
Motorcycle and Three-Wheeler
revenue was LE 1,209.0
million in FY12, a 20.7% rise
from the previous year. Gross
profit declined 10.2% to LE
228.5 million, while gross
profit margin was down 6.5
percentage points to 18.9%.
Passenger Car
revenue was up
5.8% year-on-year to LE 6,072.3
million, with gross profit increasing
26.4% to LE 719.0 million.
Group EBIT
was LE 615.0
million, an 18.4% increase over
LE 519.2 million in FY11; EBIT
margin was 7.4% in the period.
Consolidated gross profit
rose
to LE 1,070.0 million from LE
883.3 million, a 21.1% increase.
Gross profit margins stood at
12.9%, a 1 percentage point
increase in FY12 over FY11.
GB Auto revenue
rose
11.8% year-on-year in FY12
to LE 8,290.1 million from
LE 7,415.3 million in FY11.
Group net income
increased
14.3% to LE 217.8 million from
LE 190.6 million in FY11.
Tires
revenue was up 77.5%
to LE 290.1 million from LE
163.4 million the previous year.
Gross profit for the segment
was up 73.6% percent to LE
42.7 million year-on-year, while
gross profit margin was 14.7%.
2012 Highlights