GB Corp (CAI:GBCO)
E£ 17.3 -0.11 (-0.63%) Market Cap: 18.78 Bil Enterprise Value: 35.88 Bil PE Ratio: 8.00 PB Ratio: 0.79 GF Score: 77/100
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Q3 2024 GB Auto SAE Earnings Call Transcript

Dec 09, 2024 / 01:00PM GMT
Release Date Price: E£15.15 (+1.68%)
Operator

Hello everyone. This is Neta Abus from (inaudible) Holding. I'd like to welcome you all to GB Corp third-quarter results conference call.

Unfortunately, Mr Nader Ghabbour won't be able to attend the call for on for health and wellness. So we'll have Mr Mohammed, Group (inaudible), who will start with a brief update and then we'll (technical difficulty) Mr Mohamad, please go ahead.

Mohamed Naguib
GB Auto SAE - Non-Executive Chairman of the Board

Thank you. Good afternoon everyone and thank you for joining our results call for the third quarter of 2024. I'll begin by discussing the group's performance and the prevailing macroeconomic environment before opening the floor to your questions.

Starting with an overview of the group's financial performance. Consolidated quarterly revenue rose by 85% year-on-year and 59.4% quarter-on-quarter to reach GBP16.2 billion in Q3 driven by strong performance in both the auto and capital segments. While net profit rose by 12.6% year-on-year and 76.8% quarter-on-quarter to reach GBP746 million.

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