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Gulf Navigation turns to profit as revenue doubles...
15 Aug, 2025 09:28
375 min read
Dubai-listed Gulf Navigation Holding reported a 110 percent increase in revenues in Q2 2025, thanks to higher vessel chartering activity, improved fleet utilization, and cost discipline. The company's net profit reached AED7 million, compared to AED13 million in the same period last year. CEO Ahmad Kilani expects the acquisition of Borouj Energy's assets to support future growth. The company's share closed at AED7 on August 13, and its share has risen 9% since the start of the year....
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