gulfnav back on even keel as ceo promises to quadruple profits
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Gulfnav back on even keel as CEO promises to quadruple profits

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Gulfnav back on even keel as CEO promises to quadruple profits

Gulfnav back on even keel as CEO promises to quadruple profits
London - Al Maghrib Today

The CEO of Gulf Navigation (GulfNav) has pledged to quadruple profits over the next four years as the shipping company flagged more improvements.
GulfNav on Sunday reported a 20 percent increase in net profit to 10 million dirhams ($2.7 million) in the second quarter.
It represents a dramatic turnaround for a company that only two years ago was fighting for survival.
The Dubai-listed shipper said its current assets now exceed its current liabilities following a turnaround plan.
“Since we started a new phase to improve our performance and expand our business scope, our strategy focused on three main pillars: expansion, growth and permanence,” said CEO Khamis Juma Buamim.
“We have also succeeded in achieving many goals, starting by addressing the outstanding legal, financial and administrative issues, to launching our new brand that reflects the strategy of the company to enhance our position in the market.”
GulfNav is emerging from a choppy period of mounting financial losses and legal rows.
It was hit by a number of setbacks including the seizure of two of its tankers by creditors in late 2013 following a default on loans.
More recently it has embarked on a turnaround plan and intends to issue $250 million in Islamic bonds.
The company also aims to acquire another 20 ships by the second half of 2020, and said it want to increase profits by 300 percent over the next four years.

Source: Arab News

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulfnav back on even keel as ceo promises to quadruple profits gulfnav back on even keel as ceo promises to quadruple profits

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gulfnav back on even keel as ceo promises to quadruple profits gulfnav back on even keel as ceo promises to quadruple profits

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 14:10 2017 Wednesday ,02 August

Italy impounds German NGO migrant rescue boat: police

GMT 02:15 2015 Monday ,30 March

Yemeni president fires 2 provincial governors

GMT 09:28 2018 Friday ,05 January

Music sales soar in US, as streaming takes

GMT 10:16 2013 Sunday ,03 March

FIFA to make Qatar decision

GMT 05:05 2012 Thursday ,10 May

Sceptic Algerians go to polls

GMT 10:01 2017 Sunday ,12 November

Hollywood takes break from scandal

GMT 12:17 2017 Wednesday ,08 November

Actress Helen Hunt slammed over Egypt forum

GMT 18:46 2016 Tuesday ,23 February

Egypt, Greece to enhance economic, trade relations

GMT 14:06 2017 Monday ,27 March

HH the Emir Receives Message from Emir of Kuwait

GMT 23:07 2012 Thursday ,19 April

The Horror of Love

GMT 08:09 2012 Wednesday ,27 June

4 militants killed in US drone attack in Pakistan

GMT 08:15 2017 Saturday ,18 February

OIC Condemns Terrorist Attack in Pakistan

GMT 19:02 2012 Thursday ,02 August

Aaron Sorkin defends \'Newsroom\'

GMT 01:17 2015 Monday ,07 September

Mohammed Balooshi continues impressive run

GMT 09:40 2015 Wednesday ,18 February

Flu shot protects against new H7N9 strain
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday