GB Corp 2022 AR2
The report highlights GB Corp's strategic and financial performance in 2022, marked by its rebranding from GB Auto to GB Corp under the slogan 'The Power of Mobility.' Despite challenging market conditions in Egypt, the company achieved a record net profit of LE 9,985 million, largely driven by the divestment of a 7.5% stake in MNT-Halan. In sustainability, GB Corp advanced its green transition by delivering 5,821 compressed natural gas (CNG) vehicles and supplying 30 electric buses for the COP27 summit. The company also prioritized women's empowerment through initiatives like 'Ghalya by Ghabbour' and expanded its vocational education efforts through the Ghabbour Foundation for Development.
Company: GB Corp
Sector: Consumer Discretionary
Country: Egypt
Year: 2022
Type: AR2
Pages: 148
GB Corp
Annual Report
The report highlights GB Corp's strategic and financial performance in 2022, marked by its rebranding from GB Auto to GB Corp under the slogan 'The Power of Mobility.' Despite challenging market conditions in Egypt, the company achieved a record net profit of LE 9,985 million, largely driven by the divestment of a 7.5% stake in MNT-Halan. In sustainability, GB Corp advanced its green transition by delivering 5,821 compressed natural gas (CNG) vehicles and supplying 30 electric buses for the COP27 summit. The company also prioritized women's empowerment through initiatives like 'Ghalya by Ghabbour' and expanded its vocational education efforts through the Ghabbour Foundation for Development.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available