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GB Auto

Egypt's GB Auto reports 70pc fall in Q1 net profit

Ghabbour Auto's first-quarter net profit fell 70 per cent, the Egyptian auto distributor said in a bourse statement on Wednesday. The country's distributor of tuk-tuks and motorbikes made by India's Bajaj Auto has been

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Egypt's GB Auto urges support for industry to avert future crisis

Egypt's largest car assembler and distributor GB Auto says it is pushing ahead with its expansion plans despite a dollar shortage that disrupted production this year, and urged the government to support manufacturing to avert future crises.

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Egypt's GB Auto urges support for industry to avert future crisis

Egypt's largest car assembler and distributor GB Auto says it is pushing ahead with its expansion plans despite a dollar shortage that disrupted production this year, and urged the government to support manufacturing to avert future crises.

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Egypt’s GB Auto Q3 net profit up 90pc

Egyptian auto distributor GB Auto said on Wednesday its third-quarter net profit jumped nearly 90 per cent compared to a year earlier despite foreign currency shortages that have strained operations. GB Auto's third quarter ne

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Egypt’s GB Auto Q3 net profit up 90pc

Egyptian auto distributor GB Auto said on Wednesday its third-quarter net profit jumped nearly 90 per cent compared to a year earlier despite foreign currency shortages that have strained operations. GB Auto's third quarter ne

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Egypt's GB Auto calls for lower tariffs on car imports

Egypt's largest listed automotive assembler and distributor GB Auto has called for lower tariffs on car imports from the United States and Asia, fearing that free trade agreements signed with Europe, Turkey and Morocco will distort competiti

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GB Auto Q4 net profit down 29pc

Egyptian auto distributor GB Auto's fourth-quarter net profit fell 29 per cent year-on-year to EGP32.1 million ($4.21 million), from EGP45.1 million the same period last year, the company said on Sunday. The company reported t

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GB Auto Q4 net profit down 29pc

Egyptian auto distributor GB Auto's fourth-quarter net profit fell 29 per cent year-on-year to EGP32.1 million ($4.21 million), from EGP45.1 million the same period last year, the company said on Sunday. The company reported t

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GB Auto plans $134m rights issue

GB Auto, Egypt's largest listed automotive assembler and distributor, said it was seeking regulatory approval for a share issue worth E£960 million ($134.23 million) to raise its capital and fund growth. The rights issue

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GB Auto plans $1.5bn spend on two new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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