Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Companies / Egypt

Domestic Recovery And Export Plans Will Boost GB Bottom Line

October 2010 | Company News Alert

Egypt's largest automotive firm, Ghabbour Auto (GB Auto), expects an increase in net profit for 2010 on the back of a recovery in domestic demand for vehicles, as well as plans to expand into other growth markets, which aligns with BMI's view on the global expansion of emerging market (EM) firms. GB Auto expects its net profit for the year to rise 50% from the EGP201.4mn (US$35.3mn) reported in 2009 when the market

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