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GB Auto sees EGP 201.57m block trading deal

GB Auto sees EGP 201.57m block trading deal
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GB Corp
GBCO
4.90% 25.49 1.19

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 statement on Monday.

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