Cairo – Mubasher: Ghabbour Auto (GB Auto) achieved consolidated net profits of EGP 1.25 billion in the first nine months of 2021, a leap of 57.4% year-on-year (YoY) from EGP 794.77 million, including minority shareholders' rights.
The revenues increased to EGP 22.39 billion in the January-September period, compared to EGP 16.1 billion in the corresponding period a year earlier, according to a bourse disclosure on Monday.
As for standalone business, GB Auto incurred net losses of EGP 1.16 million in the nine-month period ended 30 September, down from EGP 7.41 million in the prior-year period.
