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FINANCIAL NEWS
Qatari Milaha’s gross profit jumps 4pct in 2015
24 Feb 2016
(MENAFN) Milaha Maritime & Logistics, the first public shareholding company registered in Qatar, saw its net profit climb 4 percent over last year to USD301.7 million as opposed to 2014’s corresponding timeframe.
Operating income surged 14 percent to USD823 million while operating profit soared 26 percent to USD211.7 million, all thanks to the firm’s maritime and logistics division, as well as trading division.
However, the giant will most likely face substantial challenges for the industries in which it operates over the near future, on the back of oil price environment and the plummeting global economy in general.
“Milaha is confident that the foundation it has laid in the past few years will enable it not only to withstand the current headwinds, but also position it for sustainable future growth,” said Milaha’s chairman.
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