Milaha posts QR654m net profit for nine months – The Peninsula Qatar

Milaha posts QR654m net profit for nine months – The Peninsula Qatar

Doha: Qatar Navigation (Milaha) yesterday announced its financial results for the nine months ended September 30, 2021 (9M 2021). The company reported a net profit of QR654m for the first nine months of the year, an increase of 70.3 percent compared to QR384m during the same period in 2020. Earnings per share grew to QR0.58 from QR0.34. 

The Company’s operating revenues grew to QR2.0bn in 9M 2021 from QR1.7bn during the same period in 2020, while operating profit decreased to QR192m from QR286m. 

Milaha Maritime & Logistics’ net profit rose by QR59m compared with the same period last year, driven by continued strong container shipping rates and network optimisation measures.