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FINANCIAL NEWS
Qatar’s Milaha revenue posts QR759mn
20 Oct 2016
(MENAFN) Qatar Navigation’s (Milaha) net profit for the Jan-Sep period of this year reached QR759mn, compared to QR959mn for the same period of 2015.
The firm’s earnings per share for the cited period were QR6.68, compared to QR8.44 for the corresponding period of 2015.
Moreover, Milaha Gas & Petrochem’s profit increased by 24 percent due to the impact of the investment in two LNG carriers made in H2 of 2015.
Accordingly, shipping is experiencing some of the hardest conditions the firm faced since the financial crisis.
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