Dubai – Mubasher: Gulf Navigation Holding’s stock, listed on the Dubai Financial Market (DFM), fell early Tuesday following the disclosure of the company’s financial results for the first half of 2019.
The stock shed 1.11% to AED 0.800 with a traded volume of 200,000 exchanged through a turnover of AED 160,000 after the company announced suffering losses in H1.
Earlier this day, Gulf Navigation revealed it incurred a net loss of AED 27.8 million in H1-19, versus AED 14.8 million in the year-ago period.
The company also posted a 21% year-on-year growth in operating revenue for H1-19, recording AED 85.7 million, compared to AED 71.1 million in H1-18.
