Dubai - Mubasher: Gulf Navigation Holding’s net loss rose to AED 327 million in 2019, compared to AED 40 million in the year-ago period.

Revenue grew to AED 166.26 million last year, from AED 147 million a year earlier, according to a bourse statement.

Basic loss per share increased to AED 0.324 in 2019, against AED 0.047 the year before.

Total assets dropped to AED 1.214 billion from January to the end of December 2019, in comparison with AED 1.525 billion.

It is worth noting that during the nine-month period ended September 2019, Gulf Navigation’s total losses reached AED 46 million.