ArabFinance: Ghabbour Auto (GB Auto) posted a consolidated net profit before minority interest of EGP 298.850 million in quarter one (Q1) 2021, according to the companys May 17thfinancial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 75% from EGP 138.371 million achieved in Q1 2020.
Standalone net profit reached EGP 916.955 million in Q1 2021, a 2,049% leap from EGP 42.674 million posted in the prior-year period.
GB Auto hired GB Capital for Promoting and Underwriting as a financial advisory to study the investment opportunities.
The Egypt-based automotive company's main activities include trading, distributing, and marketing of all transportation means, including heavy trucks, semi-trucks, passenger cars, buses, agriculture tractors, and pick-ups.
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