Qatar Navigation (Milaha) Net Profit Up 10% to QR 516 Million in 2018

February 25, 2019

Milaha disclosed its financial statements for the year ended 31/12/2018. The statements show a net profit of QR516 million, compared to QR470 million for the previous year.

The company’s earnings per share amounted to QR4.54 for the year ended 31 December 2018, versus QR4.14 in the corresponding period of 2017.

Qatar Navigation’s Board of Directors recommended the distribution of cash dividends at the rate of 30% of the nominal value of the share, equivalent to QR 3.00 per share, subject to the approval of the General Assembly that will be held on 18 March 2019, at 4:30pm at the Four Seasons Hotel - Doha.