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21-08-21
Egypt's Ghabbour Auto company to sell 10,000 cars in 2Q of 2021
(MENAFN)Al Arabiya quoted Board Member Mansour Qabbani as saying that Leading Middle East automotive company Ghabbour Auto Company (GB Auto) estimates a 30 percent improvement in car sales in the third three months of 2021, quarter-on-quarter.
Qabbani further declared that the company was able to vend 10,000 cars in the second quarter of 2021, expecting sales to amount at 13,000 cars in the third three months across the ME region.
Qabbani added that the automotive industry sector accomplished revenues of 5.8 billion Egyptian pounds in the second three months of 2021, with a net profit of 231 million Egyptian pounds.
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