Q2 2021 GB Auto SAE Earnings Call Transcript

Aug 17, 2021 / 01:30PM GMT
Operator

Good morning, good afternoon, ladies and gentlemen. Thank you for joining our 2Q-'21 results presentation conference call. For your information, this conference is being recorded. From GB Auto, we have Mr. Nader Ghabbour, CEO, presenting 2Q-'21 results.

I will hand over to Mr. Nader for his presentation, then, we will have a Q&A session. Mr. Nader?

Nader Ghabbour - GB Auto SAE - CEO

Thank you. Good afternoon, ladies and gentlemen, and thank you for joining our results call for the second quarter of 2021. I will begin today's discussion with an overview of the group's performance before opening the floor to your questions.

I am exceptionally pleased with our performance in the last period. We successfully carried our positive momentum from the start of the year to deliver net income growth, both quarter on quarter and year on year at both group and segment level. The group closed the first half of 2021 on a positive note. Our performance in the second quarter of 2021 was driven by an improved market environment, coupled with the increase in

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