GB Auto reports Q1 profit skyrockets – ZAWYA

GB Auto reports Q1 profit skyrockets – ZAWYA

ArabFinance: GB Auto (AUTO) posted a 630% Year on Year increase in its consolidated net profit in Quarter one (Q1) of 2020, according to the company's May 17thstatement filed to the Egyptian Exchange.. Consolidated net profit reached EGP 138.4 million in Q1, compared to EGP 26.1 million achieved in the prior-year period.. In early May, GB Auto and MG International agreed to fully import (completely built up, CBU) models, produced by MG International, in Iraq.. GB Auto is an Egypt-based automotive company in the Middle East and North Africa..