News Column

GGIC announces Q2 profits of Dh31.3m

August 17, 2014

Staff report

Abu Dhabi: Gulf General Investment Co. reported on Sunday a net profit of Dh31.3 million for the second quarter of this year, marking an increase from the Dh25.5 million made during the same time last year.

The profits for Q2 2014 mark the sixth consecutive profitable quarter. Meanwhile, revenues for the quarter reached Dh361.4 million a drop from the Dh371.4 million made during the second quarter of last year. During a board meeting to discuss financial results, the board also accepted the resignation of Adnan Tayeh, assistant managing director.

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Source: Gulf News (United Arab Emirates)

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