Dubai – Mubasher: Gulf General Investment Company has incurred net losses attributable to the owners worth AED 36.03 million during the first half (H1) of 2022, lower than AED 65.92 million in H1-21.

Revenues plummeted to AED 196.60 million in H1-22, compared to AED 278.01 million in H1-21, according to the income statements.

The basic loss per share stood at AED 2.01in the first six months (6M) of 2022, versus AED 3.68 during the same period a year earlier.

Meanwhile, the accumulated losses amounted to AED 1.82 billion as registered at the end of June 2022, accounting for 101.82% of the capital.

During the second quarter (Q2) of 2022, the net losses attributable to the shareholders of Gulf General Investment plunged to AED 15.91 million from AED 50.87 million in Q2-21.

The company’s revenues reached AED 76.98 million in April-June 2022, a drop from AED 127.32 million in the year-ago period.

The basic loss per share fell to AED 0.89 in Q2-22 from AED 2.84 in Q2-21.