Dubai-Mubasher: Gulf General Investment Co. (GGICO) returned to profitability in the second quarter of 2016, according to a bourse statement.
Profits reached AED 5.85 million ($1.59 million) in Q2-16, against losses of AED 5.03 million in Q2-15.
Revenues rose 30% to AED 260.97 million in Q2-16, compared to AED 200.72 million in Q2-15.
The company generated net profits of AED 13.9 million in H1-16, a 13.4% decline from AED 16.05 million in H1-15.
