Investor Presentation 3Q23
Corp
Consolidated Financial Highlights
Building on a strong start to the year, GB
Corp recorded solid results for the nine-
months period ended 30 September 2023.
Revenues
GB Corp's revenues increased year-on-year by
21.6% to reach EGP 8,771.0 million in 3Q23. It is
worth noting that when normalizing for MNT-
Halan's deconsolidation, revenues would have
shown a 3.3% y-oy increase in 9M23.
Gross Profit
GB Corp recorded a 7.4% y-o-y decline in gross
profits in 3Q23 due to the deconsolidation of MNT-
Halan.
Operating Profit
16%
Increased by 8.0% y-o-y in 3Q23 as a result of a
28.1% decrease in SG&A expenses during the
period.
Net Profit
GB Corp's bottom-line figure was up 20.3% y-o-y
during the quarter on the back of GB Auto's stellar
performance in 3Q23.
GB Corp | Investor Presentation 3Q23
3Q22
1,142.5
1,233.6
7,211.7
8,771.0
Operating Profit (EGP mn), OP %
14%
14%
3,228.1
Revenue (EGP mn)
22,887.6
19,522.4
3Q22
3Q23
9M22
9M23
3Q22
3Q23
9M22
9M23
2,351.1
12%
8%
550.7
2,098.2
1,942.5
Net Profit (EGP mn), NP %
8%
6%
7%
3Q23 9M22 9M23
3Q22 3Q23 9M22 9M23
662.4
8
1,270.5
1,270.7
29%
Gross Profit (EGP mn), GP %
22%
27%
6,108.9
4,328.9
22%View entire presentation