Cairo –  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 of 31 December 2022, up from EGP 1.28 a year earlier, according to the income statements.

Total assets widened to EGP 34.61 billion in 2022 from EGP 32.06 billion in 2021, while revenues plummeted to EGP billion 29.78 from EGP 31.43 billion.

During the first nine months (9M) of 2022, GB Auto logged consolidated net profits worth EGP 1.74 billion, higher by 40.30% year-on-year (YoY) than EGP 1.24 billion, including minority shareholders' rights.

Revenues grew to EGP 22.88 billion in 9M-22 from EGP 22.39 billion in 9M-21, whereas the EPS increased to EGP 1.17 from EGP 0.91.

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