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Qatar’s transport sector posts double-digit growth in H1

30 Jul 2015

(MENAFN) Qatar’s transport sector witnessed a healthy double-digit expansion in profitability in the first half of this year, mainly on the back of earnings in logistics segment.

The cumulative net profit of the transport sector, which has three listed constituents, grew by 19.21 percent in January-June period against 4.65 percent in the corresponding period of 2014.

The transport sector had seen its index expand 5.69 percent in the first half ended June, outperforming the main barometer that saw 0.69 percent fall; indicating the prospects that lie within the sector.

“A holistic approach is needed in the transport and logistics sector, especially considering the priorities of the projects and its backward and forward linkage to the overall macro economy,” an analyst said.

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