Gulf Navigation Holding has achieved improved financial results over the first nine months of 2022, recording net profits of AED 1.75 million (US$ 480,000) in this period. Operating revenue increased by 16.6%, reaching AED 104 million (US$ 28.3 million), driven by the petrochemical vessel chartering and agency business, compared to AED 89 million (US$24.23 million) for the same period in 2021, while gross profits increased by 5.2% to AED 17 million (US$ 4.63 million).
The company also reduced...
https://www.themaritimestandard.com/gulf-navigation-reports-improved-financial-position/