Cost pressures weigh on GB Holdings

MOUNTING expenses saw General Beltings Holdings (GB Holdings) operational profit deteriorate 58 percent year-on-year to US$53 000 in the six months to June 30, 2026, compounded by increased competition from cheaper imports.

MOUNTING expenses saw General Beltings Holdings (GB Holdings) operational profit deteriorate 58 percent year-on-year to US$53 000 in the six months to June 30, 2026, compounded by increased competition from cheaper imports. The group was further constrained by working capi­tal shortages which impacted overall sales performance during the period. The group’s operating profit fell from…

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