Dubai: Helped by recent successful launches at its properties subsidiary, the Gulf General Investment Co (GGICO) has reported profits of Dh115 million for 2014, and up from Dh110 million the previous year. Revenues were Dh1.37 billion, down from Dh1.71 billion. All units from recent project launches were sold, although the sales will be recorded in 2015 upon building completion, as per IFRS accounting standards. The company expects to complete the projects in stages, starting from this year. More sales launches are also expected. It is also up-to-date with its bank payments, with partial prepayments done a year ahead.