Arab Finance: GB Corp (AUTO) reported a 15.5% year-on-year (YoY) decrease in consolidated net profits attributable to parent company during the first half (H1) of 2023, recording EGP 608.252 million, compared to EGP 719.864 million, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on August 15th.

Operating revenues dropped to EGP 10.751 billion in H1 2023 from EGP 15.675 billion in H1 2022.

As for the standalone statement, the company registered net losses amounting to EGP 1.130 million during the January-June period of this year, with no standalone net profits or losses reported for the comparable period.

GB Corp is a leading automotive company in the Middle East. The Egypt-based company has operations across six primary lines of business: passenger cars, motorcycles and three-wheelers, commercial vehicles and construction equipment, tires, after-sales, and Iraqi operations.

Drive Finance issues EGP 2.4B securitization bonds Updated 12/31/2025 10:00:00 AM

Al Khair River’s profits grow 46.63% YoY in 9 months Updated 12/24/2025 11:07:00 AM

Gadwa’s consolidated profits fall 46.6% YoY in 9 months Updated 11/27/2025 10:24:00 AM

Pioneers properties' consolidated profits drop 76.9% YoY in 9 months Updated 11/27/2025 9:26:00 AM

Drive Finance signs EGP 5B syndicated facility to expand consumer finance and factoring portfolios Updated 11/24/2025 10:06:00 AM