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FINANCIAL NEWS
Gulf General Investment profit reaches USD29 m in 2013
28 Mar 2014
(MENAFN) Gulf General Investment Co. (GGICO) posted a USD29Ù«94 million net profit in 2013 compared to USD79Ù«21 million net loss in 2012, according to the Emirates 24/7.
Also the company could repay all its banks one year ahead with its improved cash flow.
The company’s revenue dropped to USD468 million in 2013 from USD525 million in 2012, while assets dropped to USD1Ù«732 billion during the same year from USD1Ù«791 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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