ORLANDO, Fla. -- General Automotive Co. reported its financial results for the third quarter ended Sept. 30.

Revenues for the 2010 third quarter totaled $3.3 million compared to $2.5 million in the third quarter of 2009, an increase of 30 percent. Gross profit for the 2010 third quarter was $303,262 compared to $273,769 in the corresponding 2009 period.

The company recorded a net loss of $195,397, or 1 cent per diluted share, compared to a net loss of $200,175, or 1 cent per diluted share in the 2009 third quarter.

General Automotive says that through its wholly-owned subsidiaries and recently announced joint-venture initiatives, the company began to realize increased revenue percentage growth numbers through the third quarter.