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The revenue also surged 54% to Dhs4.3bn for the first 6 months of 2008, in comparison to Dhs2.8bn for the same period last year.
'All our subsidiaries and affiliates, especially the manufacturing, industrial and trading units have contributed positively to the growth of the group,' commented Mohamed Ali Al Sari, Deputy Managing Director of the group.
GGICO is a Dubai Financial Market listed public shareholding company with widely diversified activities through its 30 subsidiaries and affiliates.
The group has interest in manufacturing & industrial, investment & brokerage, real estate, insurance, retail, trading, transport, services and hospitality.
GGICO has been rated Baa2 by Moody's and BBB by Fitch.
GGICO profit surges 94% to Dhs505m in the 1st half of 2008
Gulf General Investment Company PSC (GGICO), announced a profit of Dhs505m for the 1st half of 2008 with growth of 94% over the Dhs260m for the same period of last year.
- United Arab Emirates: Wednesday, July 02 - 2008 at 14:18
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Posted by Eman HassanWednesday, July 02 - 2008 at 14:18 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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