RYMCO sees profits grow in first quarter

Rasamny Younis Motor Co. (RYMCO) declared net profits of $712,000 in the first quarter of 2012 compared to a net loss of $1.1 million in the same quarter last year. Sales revenues totaled $38 million, posting a 24 percent increase.

RYMCO's total assets amounted to $130 million at end-March, compared to $139 million a year earlier.