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FINANCIAL NEWS
Egypt’s GB Auto reports USD15m profit in H1
09 Aug 2012
(MENAFN) Egyptian vehicle distributor GB Auto posted a 25 percent increase in half-yearly profits, Reuters reported.
The company said it made USD15 million net profit during the first half of the year, according to figures released by the stock exchange.
GB Auto is the largest listed automobile assembler in Egypt and controls a third of the local passenger car market.
The Egyptian car market has grown on a fast pace in recent years, driven by easier access to credit, a wider range of cheaper Asian vehicles and a fast-expanding population.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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