GB Auto
As for the standalone results, the losses of the independent company declined during 2021 to reach LE 2.41 million, compared to losses amounting to about LE 9.03 million during 2020.
EFG Hermes Finance and GB Capital will each hold a stake of 37.5 percent of the company. Tokio Marine Group, a world-renowned leader in insurance and reinsurance and the largest general insurer in Japan will own the remaining 25 percent.
GB Auto’s financial indicators revealed an increase in sales to LE 216.15 million during January-March period of 2020, up from LE 5.84 million during the same period of 2019.
Standalone results hit losses of LE 535 million during the nine months of 2019, compared to losses of 1.23 million during the same period of 2018.
Raouf Ghabbour, CEO Ghabbour Auto, Ghabbour Auto, received the bt 100 crystal award on behalf of Ghabbour Auto for their advanced social impact by CSR initiative in the automotive sector.
Ghabbour Auto achieved LE 5.5 billion in revenues during the fourth quarter of 2017, driven by growth in most production lines.
With cars becoming increasingly unaffordable, buyers are turning to cheaper models, pre-loved vehicles and the trendiest option today: scooters and motorbikes
Interest expense grew on the back of the central bank’s latest two percent interest rate hike and a high debt level of LE 5 billion.
the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.
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