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Gulf Navigation Q1 profit up 86%
- United Arab Emirates: Wednesday, April 30 - 2008 at 10:22
Gulf Navigation Holding, a Dubai-based oil and chemicals shipping company, said first quarter profit jumped 86% as sales rose 66%, reported Bloomberg. Net income rose to Dhs44.7m ($12.2m), or 0.027 dirhams a share, from Dhs24m a year earlier. Sales rose to Dhs94.8m from Dhs57m a year earlier.
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Jeff Florian, Senior ReporterWednesday, April 30 - 2008 at 10:22 UAE local time (GMT+4)
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