Qatar’s Milaha 2014 net profit grows 10.42 percent

25 Feb 2015

(MENAFN) Qatar Navigation Company’s (Milaha) net profit hits USD287.8 million for the financial year ended December 31, 2014 up 10.42 percent compared to USD260.71 million for the same period in 2013, QNA reported.

Established in 1957 and Qatar’s first public sharing holding company, Milaha’s Earnings per Share (EPS) estimated at USD2.53 in 2014 compared to USD2.28 in 2013.

Company directors have recommended cash dividend of 55 percent of its share’s per value of, or USD1.50 per share.

The company announced that its operating revenues posted USD721.7 million this year, up 14 percent compared to USD631.2 million for the same period in 2013.

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