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Gulf General Investments Co PSC (DFM:GGICO) Retained Earnings : د.إ-1,978.7 Mil (As of Mar. 2023)


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What is Gulf General Investments Co PSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gulf General Investments Co PSC's retained earnings for the quarter that ended in Mar. 2023 was د.إ-1,978.7 Mil.

Gulf General Investments Co PSC's quarterly retained earnings declined from Sep. 2022 (د.إ-1,837.3 Mil) to Dec. 2022 (د.إ-1,969.9 Mil) and declined from Dec. 2022 (د.إ-1,969.9 Mil) to Mar. 2023 (د.إ-1,978.7 Mil).

Gulf General Investments Co PSC's annual retained earnings declined from Dec. 2020 (د.إ-1,672.4 Mil) to Dec. 2021 (د.إ-1,788.0 Mil) and declined from Dec. 2021 (د.إ-1,788.0 Mil) to Dec. 2022 (د.إ-1,969.9 Mil).


Gulf General Investments Co PSC Retained Earnings Historical Data

The historical data trend for Gulf General Investments Co PSC's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gulf General Investments Co PSC Retained Earnings Chart

Gulf General Investments Co PSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,532.07 -1,698.13 -1,672.40 -1,787.98 -1,969.93

Gulf General Investments Co PSC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,808.09 -1,824.01 -1,837.33 -1,969.93 -1,978.74

Gulf General Investments Co PSC Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Gulf General Investments Co PSC  (DFM:GGICO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Gulf General Investments Co PSC (DFM:GGICO) Business Description

Traded in Other Exchanges
N/A
Address
Airport Road, Al Fattan Plaza Building, 4th Floor, P.O. Box 22588, Dubai, ARE
Gulf General Investments Co PSC is a UAE company engaged in the real estate agency, manufacturing, retail trading, real estate development, insurance writing, hospitality, and other services. Its business is functioned through Manufacturing, Investments, Insurance Services and Others segments. The manufacturing segment includes manufacture and sale of oil, grease, prefabricated houses, concrete, restaurant, ovens, kitchens, and central air conditioning systems; the investment segment focuses on real estate properties and equity securities and whereas Insurance Services and others, which is the key revenue driver, include the writing of insurance and various other services including hospitality. Geographically, the business presence of the firm is seen in the UAE and internationally.

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