Gulf Navigation Holding continues to build on its strong start to the year with a 33% increase in its interim net profit.
The Dubai-based tanker company said net income for the first half of the year was AED 19m ($5.2m) versus the AED 14m seen a year earlier.
“We have succeeded in achieving many goals, starting by addressing the outstanding legal, financial and administrative issues, to launching our new brand that reflects the strategy of the company to enhance our position in the market,” said chief executive Khamis Juma Buamim.
