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.