Dubai – Mubasher: Gulf General Investment Co (GGICO) on Thursday posted a net loss of AED 114.808 million for the first nine months of 2018, compared to AED 122.68 million in loss for the year-ago period.
Revenues increased to AED 429.213 million in the nine-month period ended September, versus AED 272.434 million in the prior-year period, according to a filing to the Dubai Financial Market (DFM).
Losses per share stood at AED 7.81 at the end of September, compared to a loss per share of AED 7.47 in the corresponding nine-month period of 2017.
In the third quarter of 2018, the company suffered losses of AED 35.098 million, versus AED 40.963 million in the same quarter a year earlier.
Revenues grew to AED 190.759 million in the three-month period ended September, up from AED 133.364 million in Q3-17.
Loss per share reached AED 1.79 in Q3-18, versus AED 2.45 in the same quarter last year.
GGICO previously reported a loss of AED 79.71 million for the first half of 2018, compared to AED 81.72 million in loss for H1-17.
The company’s losses totalled AED 43.45 million in Q2-18, versus AED 37.09 million in the prior-year period.
