Egypt: GB Corp's consolidated profits inch up 0.03% YoY in Q1 2025
Egypt - GB Corp (AUTO) reported a 0.03% year-on-year (YoY) uptick in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2025, recording EGP 626.522 million, compared to EGP 626.333 million, as per a filing.
Similarly, operating revenues rose to EGP 16.760 billion in the three months to March 31st this year from EGP 9.006 billion in the same period a year earlier.
The company did not post any standalone net profits.
GB Corp is a leading automotive company in the Middle East. The Egypt-based company has operations across six primary lines of business: passenger cars, motorcycles and three-wheelers, commercial vehicles and construction equipment, tires, after-sales, and Iraqi operations.
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