{"id":628736,"date":"2018-05-13T04:18:55","date_gmt":"2018-05-13T04:18:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/"},"modified":"2018-05-13T04:18:55","modified_gmt":"2018-05-13T04:18:55","slug":"gb-auto-reports-1q2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/","title":{"rendered":"GB Auto reports 1Q2018 results"},"content":{"rendered":"

EARNINGS WATCH- Leading Automotive player GB Auto has returned to profitability, <\/strong>reporting a net profit after tax of EGP 33.5 mn in 1Q2018 compared to a net loss of EGP 154.5 mn in the same period last year, according to the company\u2019s earnings newsletter (pdf)<\/a>. \u201cWe are now more than ever confident that customers have absorbed price increases as we see unit sales making a strong comeback in almost every automotive line of business,\u201d our friend GB Auto CEO Raouf Ghabbour noted. \u201cThis quarter we have returned the Auto & Auto Related business to meaningful operating profitability. We\u2019re no longer talking about keeping the business above water, but about how much we can continue to grow going forward as a transformed operation with two distinct business lines.\u201d Citing improving appetite across the company\u2019s product portfolio, Ghabbour said, \u201cwe believe our strategy is set to catapult us back to our historical levels of profitability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Leading Automotive player GB Auto has returned to profitability, reporting a net profit after tax of EGP 33.5 mn in 1Q2018 compared to a net loss of EGP 154.5 mn in the same period last year, according to the company\u2019s earnings newsletter (pdf). \u201cWe are now more than ever confident that customers have […]<\/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-628736","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d0788f50-46eb-409e-aace-a1e58f8ddc0d","order":"0","is_powered_by":true,"section_story_id":"f5c70abd-3254-407a-98a9-64e9c9d8643a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628719],"teaser":"","voice_url":""},"yoast_head":"\nGB Auto reports 1Q2018 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\/05\/13\/gb-auto-reports-1q2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GB Auto reports 1Q2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Leading Automotive player GB Auto has returned to profitability, reporting a net profit after tax of EGP 33.5 mn in 1Q2018 compared to a net loss of EGP 154.5 mn in the same period last year, according to the company\u2019s earnings newsletter (pdf). \u201cWe are now more than ever confident that customers have […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-13T04:18:55+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\/05\/13\/gb-auto-reports-1q2018-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GB Auto reports 1Q2018 results\",\"datePublished\":\"2018-05-13T04:18:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/\"},\"wordCount\":158,\"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\/05\/13\/gb-auto-reports-1q2018-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/gb-auto-reports-1q2018-results\/\",\"name\":\"GB Auto reports 1Q2018 results - 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This came despite a 6.3% y-o-y rise in total Group revenues to EGP\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":637049,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/earnings-watch-gb-auto-acc\/","url_meta":{"origin":628736,"position":1},"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":598044,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/earnings-watch-ibnsina-pharma-amer-group-ode\/","url_meta":{"origin":628736,"position":2},"title":"Earnings watch: Ibnsina Pharma, Amer Group, ODE","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma 1Q2019 profits surge 46.6% y-o-y on rapid business growth: Medical products distribution company Ibnsina Pharma reported net profits of EGP 41 mn in 1Q2019 compared to EGP 28 mn a year earlier, a 46.6% y-o-y increase, the company said in a statement (pdf). 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