CAIRO - Egyptian vehicle distributor GB Auto reported a 25 per cent rise in first-half net income to LE92.5 million ($15 million), according to figures released by the stock exchange on Wednesday. Egypt's biggest listed automobile assembler controls a third of a passenger car market which has grown quickly in recent years helped by easier access to credit, a wider range of cheaper Asian vehicles and a fast-expanding population. GB Auto shares were up 0.9 per cent, outperforming a 1.1 per cent lower blue-chip index. ($1 = 6.0770 Egyptian pounds)
