Dubai – Mubasher: Gulf General Investment (GGICO) swung to losses in the fourth quarter of 2016, according to a bourse statement.
Net losses reached AED 15.35 million ($4.18 million) in Q4-16, against profits AED 55.99 million in Q4-15.
The company suffered losses of AED 47.81 million in 2016, against profits of AED 20.72 million in 2015.
The company’s stock fell 0.2% to AED 0.49 on Tuesday, generating AED 2.79 million from the exchange of 5.84 million shares.
