UPDATE 2-Egypt's GB Auto Q2 net profit plunges 72 pct

* Profit hits 40.3 million Egyptian pounds

* Revenue down 29 pct to 1.07 billion pounds

* Sales tumble to 10,068 cars from 16,941

(adds analyst comment, background)

By Patrick Werr

CAIRO, Aug 5 (Reuters) - Egypt's GB Auto (AUTO.CA) said on Wednesday second quarter net profit plunged 72 percent to 40.3 million Egyptian pounds ($7.3 million) and total revenue slipped 29 percent to 1.07 billion pounds.

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