Cairo – Mubasher: The consolidated net profits of Ghabbour Auto (GB Auto) rose by 4.6% year-on-year (YoY) to EGP 365.64 million in the first quarter (Q1) of 2022 from EGP 349.52 million, including minority shareholders' rights.
The company generated revenues of EGP 7.84 billion in Q1-22, up 14.9% from EGP 6.82 billion in Q1-21, according to a bourse filing on Sunday.
As for the standalone businesses, the company has achieved net profits of EGP 41,771 in Q1-22, versus net losses of EGP 219,269 in the year-ago period.
It is noteworthy to mention that in 2021, GB Auto's consolidated net profits after tax jumped by 65.7% YoY to EGP 1.84 billion from EGP 1.11 billion, including minority shareholders' rights.
