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Article: GulfNav PJSC announces 3rd Qtr 2009 results
- Article from:
- Al Bawaba
- Article date:
- October 29, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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.
Commenting on the results, Engineer Abdullah Al Shuraim, the
Chairman of Gulf ...