Milaha Net Profit Drops 33.8% to QR470
Million; Board Recommends 35% per Share Cash Dividends
February 26, 2018
Milaha (Qatar Navigation) disclosed
its financial statements for the year ended 31/12/2017, with a
net profit of QR470 million, a drop of 33.8% compared to QR711
million for the previous year.
The company’s earnings per share
reached QR4.14 for the fiscal year ended 31/12/2017 compared to
QR6.26 in 2016.
The Board of Directors will recommend
the General Assembly to distribute 35% of the nominal value of
the share in cash dividends, equivalent to QR3.5 per share, to
be approved at the general assembly meeting on 18/3/2018.
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