Qatar Navigation Q.P.S.C. (Milaha), one of the largest maritime and logistics companies in the Middle East, has announced its financial results for the first nine months of the year, marking increases, especially in net profit.
More specifically, during the January – September period, Milaha’s net profit reached US$179.6 million (QR654 million), which is increased by US$74,1 million (QR271 million) over the same period of 2020.
Additionally, operating revenues have been grown to US$550 million (QR2 billion) for the first nine months of the year, compared to US$470 million (QR1.7 billion) recorded in the corresponding period of 2020.
On the other side, the Qatar-based company has reported a decreased operating profit of US$52.7 million (QR192 million) during the same period, in comparison to last year’s figure (US$78.5 million – QR286 million).
Last but not least, Milaha’s earnings per share for the January – September period were US$160,000 (QR 580,000), compared to US$93,380 (QR340,000) over the same period in 2020.
