Gulf Navigation sees 39% growth in profit

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 as the company is seeing 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 8.8m in the first Quarter of 2017 representing an increase of 39% as compared to AED 6.3m of the same period last year.

Board Member, Managing Director and Group CEO, HE Khamis Juma Buamim said: “We are moving with confidence towards achieving our strategic plans, enhancing our global business reputation, improving our capabilities and operational efficiency as well as our ability to be more competitive without compromising on quality.”

For more information visit www.gulfnav.com

22nd May 2017