GB Auto to push efficiency as theme for 2019

GB Auto pushes efficiency, guides for top- and bottom-line growth in 2019. “Our main theme this year is efficiency, as we are focused on the increase of revenues and profitability while maintaining a healthy level of net working capital across all auto and auto business lines,” GB Auto board member Mansour Kabbani told investors during Renaissance Capital’s Egypt Investor Trip last week. The EGX-listed automotive player also sees “portfolio growth across all financing businesses, couple with an increase in profitability while maintaining healthy levels of non-performing loans,” Associate Vice President for Investor Relations Andre Valavanis added.