Gulf Navigation Holding PJSC reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was AED 25.9 million compared to AED 37.28 million a year ago. Net income was AED 14.03 million compared to net loss of AED 4.19 million a year ago. Basic earnings per share from continuing operations was AED 0.012 compared to basic loss per share from continuing operations of AED 0.0082 a year ago.
For the six months, sales was AED 64.88 million compared to AED 72.35 million a year ago. Net income was AED 27.79 million compared to net loss of AED 2.53 million a year ago. Basic earnings per share from continuing operations was AED 0.025 compared to basic loss per share from continuing operations of AED 0.005 a year ago.