Mubasher: Qatar Navigation (Milaha) posted a 7.3% year-on-year increase in profits for the third quarter of 2018.
Net profits amounted to QAR 103 million in Q3-18, compared to QAR 96 million in Q3-17, according to the company’s statement to the Qatar Stock Exchange (QSE) late on Tuesday.
For the first nine months of 2018, the logistics company’s profits levelled up to QAR 400 million, from QAR 363 million in the same period of the prior year.
Earnings per share (EPS) recorded QAR 3.52 for the nine-month period ended September, versus QAR 3.19 for the same period the year before.
It is worth noting that the company’s profits jumped 11.2% year-on-year to QAR 297 million in the first half of 2018.
By 10:23 am Qatar time, Milaha’s stock inched down 0.04% at QAR 72.86.
