Gulf Real Estate Projects Co. operating revenue increased with 129%

Gulf Real Estate Projects Co. operating revenue increased with 129%

Gulf Real Estate Projects Co. achieved profits in the end of the first half of 2012, in a net profit K.D34, 191 with 0.38 for share, comparing to losses estimated with K.D30, 935 in the same period of 2011.
Mr. Hashem Akil Al Akil, board chairman, pointed out that the performance of the company came better than expected with thanks to executive management and applying accredited strategy that led to the company passing 2011 from loss to profit and beginning to compensate losses of the last three years, and achieve profits in the last six months of 2012.
The percent of operating revenues increased with 129% with increase in assets through purchasing two real estates during a year with increase in shareholders equities with 4%

News