Gulf Navigation reports the audited annual results of 2020 Gulf Navigation Holding PJSC (“GULFNAV”) the Dubai Financial Market listed maritime and shipping company, announced its annual audited financial results of 2020, reporting a gross profit of 4.5 million dirhams compared to a gross loss of 5.6 million dirhams recorded in 2019. Major Highlights: • Gross Revenue reached 146 million dirhams as of 31 Dec 2020 compared to 166 million dirhams for the same period in 2019. • Total Assets stood at 862 million dirhams • Gross Profits of 4.5 million dirhams driven by the petrochemical vessel chartering business. • Net loss for the year amounted to AED 279 million compared to the net loss of 327 million dirhams in 2019.