Saturday 29 August 2015
 
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GB Auto

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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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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GB Auto plans $1.5bn investment in 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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GB Auto posts 5.8pc rise in Q1 net profit

Egyptian auto distributor GB Auto made a 5.8 percent rise in net profit in the first quarter, the firm said in a stock exchange statement on Thursday. Profit rose to 71.5 million Egyptian pounds ($10.17 million) from 67.58 million

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GB Auto boosted by record sales revenues

  Egyptian vehicle assembler and distributor GB Auto said that its first quarter net income surged 160.1 percent, boosted by record sales revenue.   "Our g

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GB Auto Q1 sales hit; sees rebound in H2

GB Auto, Egypt's biggest listed automobile assembler, said on Sunday political turmoil in the country would weigh on its sales in the first half of 2011, but saw a rebound later in the year. Chief executive Raouf Ghabbour said in a stateme

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