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GB Auto posts EGP 114M profits in H1

GB Auto posts EGP 114M profits in H1

ArabFinance: GB Auto (AUTO) announced Wednesday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company posted consolidated net profits of EGP 113.5 million, compared to EGP 255.6 million profits in the year-ago period.

Moreover, it posted standalone net losses of EGP 480, compared to EGP 1.2 million losses recorded in the year before. 

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