Dubai – Mubasher: Gulf General Investment Co (GGICO) on Wednesday reported a loss of AED 79.71 million for the first half of 2018, compared to AED 81.72 million in loss in the year-ago period.

Revenues amounted to AED 238.4 million in the six-month period ended June, versus AED 291.37 million in H1-17, according to a filing to the Dubai Financial Market (DFM).

Losses per share rose to AED 6.02 in H1-18, compared to a loss per share of AED 5.02 in the same period a year earlier.

In the second quarter of 2018, the company incurred AED 43.45 million in loss, up from AED 37.09 million in the prior-year period.

Revenues totalled AED 123.4 million in the three-month period ended June, versus AED 143.48 million in Q2-17.

Loss per share stood at AED 3.02 in Q2-18, up from AED 2.29 in the prior-year period.

It is worth noting that GGICO suffered losses of AED 233.9 million during the full-year 2017, up from AED 155.2 million in 2016.