GB Corp (GBCO)

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News

3 March 10:19 AM GB Corp records EGP 3bn consolidated profit in 2024

Cairo – Mubasher: GB Corp posted consolidated net profits after income tax worth EGP 3.05 billion in 2024, higher by 68.90% year-on-year (YoY) than EGP 1.81 billion, including minority interest. Total revenues hit EGP 53.96 billion as of 31 …

Financial Results

18 November 2024 11:47 AM GB Corp sees 41% higher net profits in 9M-24; sales reach EGP 35.4bn

Cairo – Mubasher: The consolidated net profits of GB Corp hiked by 41.20% to EGP 1.79 billion in the first nine months (9M) of 2024 from EGP 1.27 billion in 9M-23. Total sales revenues hit EGP 35.40 billion as of 30 September 2024, up 81.40% …

Financial Results

18 August 2024 03:58 PM GB Corp registers EGP 1.1bn consolidated profits in H1-24

Cairo – Mubasher: GB Corp registered consolidated net profits amounting to EGP 1.10 billion in the first half (H1) of 2024, marking a leap from EGP 652.63 million in H1-23. Total revenues reached EGP 19.18 billion in H1-24, higher year-on-year …

Financial Results

12 June 2024 08:17 AM GB Corp’s ITAMCO, Helwan Company partner to produce Qute vehicle

Cairo – Mubasher: The International Company for Trade, Marketing, and Commercial Agencies (ITAMCO), a subsidiary of GB Corp, has signed an agreement with Helwan Company for Machinery and Equipment (999 military factory) to assemble and manufacture …

Companies Investments

30 May 2024 08:46 AM GB Corp’s profits skyrocket in Q1-24; revenues hit EGP 9bn

Cairo – Mubasher: GB Corp logged consolidated net profits after tax and minority interest amounting to EGP 626.33 million in the first quarter (Q1) of 2024, an annual leap of 481.60% from EGP 107.69 million. The group revenues hit EGP 9 billion in …

Financial Results

12 March 2024 03:01 PM FABMISR partners with Drive Finance to foster payment solutions in Egypt

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has entered into a partnership with Drive Finance, a subsidiary of GB Capital owned by GB Corp. This collaboration will witness the integration of …

Companies Investments

3 March 2024 04:13 PM GB Corp’s consolidated profit tumbles 83% YoY in 2023

Cairo – Mubasher: GB Corp’s consolidated net profit after tax dropped 82.80% year-on-year (YoY) to EGP 1.81 billion in 2023 from EGP 10.53 billion a year earlier. Consolidated operating revenues declined to EGP 28.31 billion last year from EGP …

Financial Results

21 January 2024 04:47 PM GB Corp’s subsidiary secures EGP 1.2bn joint financing

Cairo – Mubasher: Ghabbour Egypt, a subsidiary of GB Corp, obtained a medium-term financing facility amounting to EGP 1.20 billion, according to a press release. The entity secured the joint facility from a consortium led by Banque Misr, FISBC …

Companies Investments

19 November 2023 04:38 PM GB Corp’s consolidated profits down to EGP 1.35bn in 9M-23

Cairo – Mubasher: GB Corp recorded lower consolidated net profits after tax at EGP 1.35 billion in the first nine months (9M) of 2023, compared to EGP 1.74 billion in 9M-22, including non-controlling interest. The revenues amounted to EGP 19.52 …

Financial Results

17 August 2023 11:23 AM GB Corp witnesses 40% lower consolidated profits in H1-23, reports standalone losses

Cairo – Mubasher: GB Corp posted consolidated net profits after tax amounting to EGP 652.63 million in the first half (H1) of 2023, an annual plunge of 40.30% from EGP 1.09 billion, including minority interest. The revenues totalled EGP 10.75 …

Financial Results

28 May 2023 02:25 PM GB Corp’s net profits shrink in Q1-23

Cairo – Mubasher: GB Corp recorded EGP 103.95 million in consolidated net profit after tax during the first quarter (Q1) of 2023, versus EGP 365.64 million in Q1-22, including minority interest. Revenues amounted to EGP 4.74 billion as of 31 March …

Financial Results

28 March 2023 04:38 PM GB Auto’s shareholders approve rebranding to GB Corp

Cairo - Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) agreed to change the group’s name to GB Corp. The shareholders greenlighted the rebranding on 26 March 2023, according to a recent bourse filing. Last January, …

Corporate Actions

27 February 2023 05:05 PM GB Auto records EGP 10.53bn consolidated profits in 2022

Cairo – Mubasher: The consolidated net profits after tax of Ghabbour Auto (GB Auto) reached EGP 10.53 billion in 2022, an annual hike from EGP 1.76 billion, including non-controlling equity. The basic earnings per share (EPS) stood at EGP 9.17 as …

Financial Results

22 January 2023 03:23 PM GB Auto announces new brand identity

Cairo - Mubasher: Ghabbour Auto (GB Auto) Group announced rebranding to "GB Corp", a move that consolidates its leadership position across many vital economic and industrial sectors over more than 80 years. The new brand identity reinforces the …

Companies Investments

2 January 2023 00:24 PM GB Auto’s board approves selling 45% stake in GB Lease for EGP 855m

Cairo – Mubasher: The board of Ghabbour Auto (GB Auto) agreed to sell a 45% indirect stake in GB Lease at a value of EGP 855 million. Following the transaction, GB Auto’s indirect ownership in GB Lease will stand at 55%, according to a bourse …

Mergers and Acquisitions

19 December 2022 11:10 AM GB Auto's unit inks deal with UAE's Chimera to sell 45% of GB Lease

Cairo – Mubasher: GB Capital for Financial Investments, a 99.99%-owned subsidiary of Ghabbour Auto (GB Auto), has signed a definitive agreement with Chimera Abu Dhabi to indirectly sell 45% of GB Lease’s shares with total proceeds of EGP 855 …

Board of Directors

29 November 2022 01:43 PM GB Auto files arbitration case against Algeria

Cairo – Mubasher: Ghabbour Auto (GB Auto) has filed an arbitration case against the People’s Democratic Republic of Algeria according to the bilateral treaty concluded between Egypt and Algeria in March 1997 on the encouragement and reciprocal …

Corporate Actions

20 November 2022 02:29 PM GB Auto cuts stake in Dutch firm for $60m

Cairo – Mubasher: The board of directors of Ghabbour Auto (GB Auto) approved unanimously to sell 7.50% of the company’s stake in MNT Investment BV at $60 million. The acquisition value is set to be increased to $71.30 million if certain conditions …

Companies Investments

15 November 2022 03:22 PM GB Auto’s profits grow to EGP 1.7bn in 9M-22

Cairo – Mubasher: Ghabbour Auto (GB Auto) achieved consolidated net profits of EGP 1.74 billion in the first nine months (9M) of 2022, a leap of 40.30% year-on-year (YoY) from EGP 1.24 billion, including minority shareholders' rights. Earnings per …

Financial Results

7 November 2022 11:20 AM GB Auto sees EGP 201.57m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 201.57 million on the shares of Ghabbour Auto (GB Auto). The transaction was executed on 47.76 million of the company's shares, according to a stock exchange …

Companies Investments

7 September 2022 11:18 AM GB Auto's unit considers selling 45% of GB Lease to UAE’s Chimera

Cairo – Mubasher: Ghabbour Auto (GB Auto) said the board of its 99.99%-owned subsidiary, GB Capital for Financial Investments, agreed to negotiate entering into an agreement with Chimera Abu Dhabi to indirectly sell 45% of GB Lease’s shares.   The …

Mergers and Acquisitions

5 September 2022 11:58 AM GB Auto spends EGP 147m of capital raise proceeds

Cairo – Mubasher: Ghabbour Auto (GB Auto) has spent EGP 147.35 million of its capital raise subscription proceeds listed in June 2015 amounting to EGP 958.67 million. The remaining amount of the subscription proceeds stands at EGP 811.31 million, …

Companies Investments

25 August 2022 02:43 PM GB Auto denies receiving acquisition offer for unit

Cairo – Mubasher: Ghabbour Auto (GB Auto) has denied entering into any definitive agreements with regards to its 57.26%-owned subsidiary, MNT-Halan.  The statement was made in line with the news reporting that UAE-based Chimera Investments seeks …

Companies Investments

15 August 2022 03:18 PM GB Auto’s profits hit EGP 1bn in 6M

Cairo – Mubasher: Ghabbour Auto (GB Auto) achieved a net profit of EGP 1.09 billion during the first six months (6M) of 2022, a year-on-year (YoY) jump of 34.80% when compared to EGP 811.6 million, including minority shareholders’ rights. Revenues …

Financial Results

26 June 2022 05:15 PM GB Auto’s Drive closes 1st bond issuance of EGP 2bn programme

Cairo – Mubasher: Drive Finance, a subsidiary of Ghabbour Auto (BG Auto), has completed the first bond offering which is part of a programme standing at EGP 2 billion on 23 June this year. GB Auto elaborated that the bond issue amounted to EGP 700 …

Companies Investments