(MENAFN) The Gulf General Investment Co logged a net profit of around USD31.3 million for 2014, marking a slight increase from the USD29.94 million of 2013, Gulf News reported.
According to the company, the net profit is attributable to the recent successful launches at its properties subsidiary. Revenues, on the other hand, decreased to USD372.9 million from USD465.47 million.
The company said that all units from recent project launches are sold, but the figures are yet to be disclosed upon 2015 years' completion. The company forecasts project completion in stages.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.