Gulf Navigation H1 net profit declines 89%
Dubai-based oil and chemicals shipping company Gulf Navigation Holding PJSC said first-half profit fell 89 per cent as demand for shipping declined.
Net income dropped to Dh10.2 million, compared with Dh93 million a year earlier, the Dubai-based company said on Monday.
Revenue fell 15 per cent to Dh170 million from Dh201 million a year earlier.
Net income dropped to Dh10.2 million, compared with Dh93 million a year earlier, the Dubai-based company said on Monday.
Revenue fell 15 per cent to Dh170 million from Dh201 million a year earlier.