Sunday 9 August 2009

GGICO's Dh198m profit a result of diversification

Gulf General Investment Company (GGICO) on Saturday reported net profits of Dh198 million for the first half of 2009, with revenues touching Dh3.1 billion.

The second quarter 2009 recorded a profit of Dh154 million, in comparison to Dh44 million for the first quarter.

Revenue for the second quarter was Dh1.5 billion, compared to Dh1.6 billion in the first quarter.

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