{"id":625602,"date":"2018-08-09T03:49:00","date_gmt":"2018-08-09T03:49:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/"},"modified":"2018-08-09T03:49:00","modified_gmt":"2018-08-09T03:49:00","slug":"gb-auto-1h2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/","title":{"rendered":"GB Auto 1H2018 results"},"content":{"rendered":"

EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 148.1 mn in 2Q2018<\/strong>, up 340.0% q-o-q from EGP 33.5 mn in the last quarter, according to a the company\u2019s earnings release (pdf)<\/a><\/u>. Top line for the quarter rose 45.8% y-o-y to EGP 6.1 bn, up from EGP 4.8 bn in 2Q2017. \u201cMarket demand has by every measure surpassed our most bullish expectations during 2Q18, and we are seeing a strong recovery in the Auto and Auto Related businesses that is indicative of strong consumer resilience,\u201d said GB Auto CEO Raouf Ghabbour. \u201cMacro and market indicators today show a healthy economy that has turned a corner toward sustainable growth,\u201d he added. Looking ahead, the company sees further improvements heading into 2H2018 during which demand is seasonally higher. \u201cAs this momentum continues, GB Auto stands as a transformed group with a leaner, more efficient operation that is ideally positioned to capture the upside,\u201d Ghabbour said.<\/p>\n

In other GB Auto news, the company\u2019s board of directors approved plans to sell a 20% stake in its Netherland-based subsidiary MNT Investments BV<\/strong>, GB Auto said in a regulatory filing (pdf)<\/a><\/u>. The value of the transaction was not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 148.1 mn in 2Q2018, up 340.0% q-o-q from EGP 33.5 mn in the last quarter, according to a the company\u2019s earnings release (pdf). Top line for the quarter rose 45.8% y-o-y to EGP 6.1 bn, up from EGP 4.8 bn in 2Q2017. \u201cMarket demand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625602","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"61446443-9cbb-4c72-ae4e-319d28afcfe9","order":"0","is_powered_by":true,"section_story_id":"204b9c0c-09bc-43dc-b4d9-e486a372b9d2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625591],"teaser":"","voice_url":""},"yoast_head":"\nGB Auto 1H2018 results - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GB Auto 1H2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 148.1 mn in 2Q2018, up 340.0% q-o-q from EGP 33.5 mn in the last quarter, according to a the company\u2019s earnings release (pdf). Top line for the quarter rose 45.8% y-o-y to EGP 6.1 bn, up from EGP 4.8 bn in 2Q2017. \u201cMarket demand […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-09T03:49:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GB Auto 1H2018 results\",\"datePublished\":\"2018-08-09T03:49:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\"},\"wordCount\":194,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\",\"name\":\"GB Auto 1H2018 results - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-08-09T03:49:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GB Auto 1H2018 results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GB Auto 1H2018 results - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/","og_locale":"en_US","og_type":"article","og_title":"GB Auto 1H2018 results","og_description":"EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 148.1 mn in 2Q2018, up 340.0% q-o-q from EGP 33.5 mn in the last quarter, according to a the company\u2019s earnings release (pdf). Top line for the quarter rose 45.8% y-o-y to EGP 6.1 bn, up from EGP 4.8 bn in 2Q2017. \u201cMarket demand […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-08-09T03:49:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"GB Auto 1H2018 results","datePublished":"2018-08-09T03:49:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/"},"wordCount":194,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/","name":"GB Auto 1H2018 results - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-08-09T03:49:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/gb-auto-1h2018-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"GB Auto 1H2018 results"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":637049,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/earnings-watch-gb-auto-acc\/","url_meta":{"origin":625602,"position":0},"title":"Earnings Watch: GB Auto, ACC","author":"enterpriseam admin","date":"7 November 2017","format":false,"excerpt":"EARNINGS WATCH- \u2018This the season, folks. Among those reporting results yesterday: GB Auto announced a consolidated net loss of EGP 138.9 mn in 3Q2017, down from a net profit of EGP 39.4 mn a year earlier. Sales revenues rose 16.4% y-o-y to EGP 5.03 bn during the period. \u201cOverall, the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647584,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/earnings-watch-gb-auto-mnhd-oriental-weavers-amer-group-porto-group\/","url_meta":{"origin":625602,"position":1},"title":"Earnings Watch: GB Auto, MNHD, Oriental Weavers, Amer Group, Porto Group","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"EARNINGS WATCH- GB Auto swung to a net loss of EGP 154.5 mn on revenues of EGP 2.96 bn in 1Q17 compared a net profit of EGP 28.6 mn a year ago. GB Auto CEO Raouf Ghabbour said that while the market was paralyzed during January and February, \u201cMarch gave\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571566,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/earnings-watch-gb-auto-eipico-adib-credit-agricole-egypt-report-1q2020-results\/","url_meta":{"origin":625602,"position":2},"title":"Earnings watch: GB Auto, EIPICO, ADIB, Credit Agricole Egypt report 1Q2020 results","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"EARNINGS WATCH- GB Auto posted net profits of EGP 138.4 mn in 1Q2020, soaring 430.6% y-o-y from EGP 26.1 mn during the same quarter last year, according to an earnings release (pdf). Revenues during the quarter inched up 0.8% to EGP 5.89 bn. The company\u2019s auto and auto-related (A&AR) segment\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621600,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/earnings-watch-gb-auto-orascom-development-egypt\/","url_meta":{"origin":625602,"position":3},"title":"Earnings Watch: GB Auto, Orascom Development Egypt","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 240.4 mn in 3Q2018, reversing losses of EGP 138.9 mn in the same quarter last year, according to the company\u2019s earnings release (pdf). \u201cI am particularly pleased with our Group's performance during the quarter were our assessment of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601444,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/earnings-watch-edita-elsewedy-electric-gb-auto-ekh-phd-acc-nbk\/","url_meta":{"origin":625602,"position":4},"title":"Earnings Watch: Edita, Elsewedy Electric, GB Auto, EKH, PHD, ACC, NBK","author":"enterpriseam admin","date":"28 February 2019","format":false,"excerpt":"EARNINGS WATCH- High-profile snackfood maker Edita recorded a 20.4% y-o-y increase in net profit in 4Q2018 to EGP 128.3 mn, up from EGP 106.6 mn in 4Q2017, according to the company\u2019s earnings release (pdf). Revenues for the quarter reached EGP 1.1 bn, up 13.2% y-o-y from EGP 958 mn in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548598,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/gb-auto-shrugs-off-auto-sector-headwinds-to-post-31-bottom-line-growth\/","url_meta":{"origin":625602,"position":5},"title":"GB Auto shrugs off auto sector headwinds to post 31% bottom line growth","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"GB Auto net income up 31% in 2Q despite market challenges: GB Auto shrugged off the multiple headwinds facing the Egyptian automotive sector in 2Q 2022, announcing yesterday that its bottom line grew by almost a third during the quarter thanks to strong consumer demand. The company posted a net\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625602"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625602\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625591"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625602"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625602"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}