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Gulf Navigation results positive, hit AED 3.7 mln

Gulf Navigation results positive, hit AED 3.7 mln
Gulf Navigation
GULFNAV
-1.16% 6.81 -0.08
In its statement the Dubai Financial Market (DFM), Gulf Navigation Holding (GulfNav) announced the approval of its Board of Directors for the Company’s Q2-14 and H1-14 results.

Gulf Navigation achieved a net profit of AED 3.7 million during the first six months of 2014 compared to a net loss of AED 29.7 million during the same period in 2013.

As for its quarterly results, the Company reported a Q2-14 net profit of AED 3.16 million compared to a net loss of AED 10 million during Q2-13.