GGICO quarterly losses rise 18%

GGICO quarterly losses rise 18%
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Dubai - Mubasher: The financial statements of Gulf General Investment Company showed a rise in losses for the fourth quarter of 2017 by 18% year-on-year.

Losses amounted to AED 100.2 million in Q4-17, compared to AED 85 million for the same period the year before, the company said in a statement to the Dubai Financial Market (DFM).

On the annual level, losses totalled AED 233.9 million for 2017 up from AED 155.2 million in 2016.

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Source: Mubasher

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