Dubai – Mubasher: Gulf General Investment Co (GGICO) announced it has suffered a net loss of AED 29.33 million in the first quarter of 2019, compared to AED 36.25 million in Q1-18.
Revenue grew to AED 116.2 million in the three-month period ended 31 March 2019, versus AED 114.8 million in Q1-18, according to a statement.
Gross profit reached AED 47.12 million in Q1-19, compared to AED 49.43 million in the year-ago period, the company said.
Loss per share (LPS) stood at AED 1.94 in the January-March period of the year, versus AED 3 in the prior-year period.
Total assets amounted to AED 5.24 billion at the end of March, as compared to AED 5.2 billion at the end of December 2018.
