Gulf Navigation profits jump 50.5% in Q4-15

Abu Dhabi-Mubasher: Dubai-listed Gulf Navigation Holding reported a 50.5% rise to AED 4.5 million ($1.23 million) in the fiscal year 2015, compared to AED 2.99 million ($0.82 million) in the fiscal 2014, according to a bourse filing on Sunday.

Net profits surged 101.3% to AED 20.17 million in the fiscal year 2015, compared to AED 10.02 million in the fiscal year 2014.

Operating profits grew to AED 23.1 million in FY15, compared to AED 14.79 million in FY14. 

Mubasher Contribution Time: 14-Feb-2016 06:34 (GMT)