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Article: GulfNav announces 3rd Qtr 2009 results.(Financial report)

Article from:
WAM - United Arab Emirates News Agency
Article date:
October 29, 2009
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Dubai, 29 Oct, 2009 (WAM) - Gulf Navigation Holding PJSC (DFM: GULFNAV) the leading non-state ship owning and maritime services company in the region has announced today its consolidated financial results for the first 9 months of 2009.

During the period the Company recorded a net profit of AED 11.62 million compared to AED 136.9 million for the same period of 2008. Revenues declined to AED 255.46 million versus AED 306.45 million with operating profit of AED 101.62 million against AED 189.85 million.

The Company's total assets as of 30th Sept 3009 stood at AED 2.954 billion compared to AED 3.038 billion as at the end of last year.

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