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GGICO gains as firm returns to profits q-o-q
- United Arab Emirates: Sunday, May 12 - 2013 at 18:16
Shares of Gulf General Investment Co. (GGICO) which are listed on the Dubai bourse DFM rose 2.84% Sunday, closing at Dhs0.399, a 12-month high. Earlier in the day, GGICO said that in Q1 it achieved a profit of Dhs32m, as compared to a loss of Dhs204m for the 4th quarter of 2012. "This result was mainly due to the positive performance of all the diversified sectors of the company and the absence of revaluation losses," said GGICO. The firm invests in industrial projects, properties, hospitality trades at euquity markets.
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Gérard Al-Fil, Financial JournalistSunday, May 12 - 2013 at 18:16 UAE local time (GMT+4)
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