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Record results

by ArabianBusiness.com staff writer  on Sunday, 18 February 2007

Gulf Investment Corporation has announced record results for 2006, having more than doubled profits from US$272.8m to US$600.1m. The 120% year-on-year increase in net profits resulted in a return on average shareholder's equity of 42.9% for 2006. Shareholder's equity rose by 16.4% over the previous year reaching US$1.9bn by the end of 2006.




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    21 Nov ' 08 at 21:41
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