Dubai – Mubasher: Gulf Navigation Holding (GNH) reduced its equity ownership in Global Equity Investment to 10.63% from 12.79%.
GNH announced the cut transaction in a bourse disclosure on Wednesday.
During the first three months (3M) of 2023, the DFM-listed company logged net profits valued at AED 13.49 million, higher than AED 1.82 million in the year-ago period.
Basic and diluted earnings per share (EPS) attributable to the owners increased to AED 0.011 in Q1-23 from AED 0.002 in Q1-22, while the revenues climbed to AED 38.88 million from AED 35.06 million.
