Aug 17, 2020 / 01:00PM GMT
Operator
Good afternoon, ladies and gentlemen. Thank you for joining the 2Q 1H '20 results presentation conference call from GB Auto. We have Mr. Nader Ghabbour, Deputy CEO, presenting 1Q '20 results. I will hand over to Mr. Ghabbour for his presentation. And then we'll have a question-and-answer session. Mr. Ghabbour, please go ahead.
Nader Ghabbour - GB Auto SAE - Deputy CEO
Thank you, operator. Good afternoon, ladies and gentlemen. And thank you for joining our results call for the second quarter of 2020. I will begin today's discussion with an overview of the group's performance amid the challenges posed by COVID-19 before opening the floor to your questions.
Our performance during the quarter was somewhat mixed across our auto and auto-related segments and financing businesses. Overall, our diversification strategy, business agility, and cost discipline has allowed us to emerge from this very challenging quarter with consolidated bottom-line profitability.
The group achieved a net profit of EGP115.8 million in Q2 2020, an acceptable decline
Q2 2020 GB Auto SAE Earnings Call Transcript
Aug 17, 2020
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