• 2017 May 21 21:56

  Gulf Navigation posts 39% growth in the net profit in Q1 2017

  

  Gulf Navigation Holding PJSC,  the  Dubai - based shipping company, has  reported a 39 % growth  in net profit  at the end of the  first quarter of 2017 compared to the same period in 2016.  The result came at a stage while the company is witnessing a significant improvement in its  performance, successful settlement  of  legal  cases and  entering  into various  global  partnerships  to  strengthen  its  competitive  position  in the marine sector.

  According to GULFNAV’s financial report, its net profit reached AED 8.8 million (USD 2.4 million) in the  first Quarter of 2017 representing an increase of  39% as  compared to  AED 6.3  million (USD 71. million ) of the same period last year.

  As on 31 March,2017 and a ccording to the financial report, the share capital issued is AE D  551.67 million, distributed as 551.67 million shares. The financial performance reinforces  the leadership  of Gulf Navigation Holding, the only company specialized in  marine and shipping services listed in Dubai Financial Market since 2007.

  Gulf  Navigation Holding PJSC (GNH) is one of the world's leading companies in the marine sector.  Through  its  marine  fleet  of  chemical  tankers  and  offshore  vessels,  the  company  has  contributed  to  the  advancement  of  the  maritime  transport  and  maritime  services  industry  in  the  UAE  to  unprecedented  levels. GNH provide  Integrated  Marine  Services and committed to meeting all the international regulation for having safer, smarter  and greener fleet as well as operation.

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