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FinancialNews


  • 31-07-18

    Qatar Navigation posts 11 percent raise in H1 net profit

    (MENAFN) Qatar Navigation Milaha was unveiled to have posted an 11 percent raise in its net profit during the first half of this year, reaching QR297 million.

    The operating revenues of Milaha were also confirmed to have seen a year-on-year increase from QR1.15 billion to stand at QR1.25 billion.

    The operating profit has also recorded a boost from QR170 million to hit QR258 million, while earnings per share saw a raise from QR2.35 to QR2.62.

    Milaha Gas & Petrochem has also recorded a surge in its operating profit by QR5 million, while its vessel impairments caused a decline in the total net profit by QR145 million.

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