Cairo – Mubasher: The consolidated income statements of Ghabbour Auto (GB Auto) showed a growth of 6.62% in profits during the first quarter of 2019 compared to the corresponding period last year.
Net profits during Q1-19 grew to EGP 66.19 million compared to EGP 62.08 million in the three-month period ended on 31 March 2018.
GB Auto has achieved a growth of 23.48% in sales to EGP 5.878 billion in Q1-19 from EGP 4.76 billion in Q1-18, according to a bourse disclosure to the Egyptian Exchange (EGX) on Monday.
As for the standalone financial statements, GB Auto said it did not achieve a profit in Q1-19.
