Milaha posts rise in nine-month profit

Milaha posts rise in nine-month profit
Image courtesy of Milaha

Doha-based Qatar Navigation (Milaha) reported an increase in net profit for the first nine months of the year. 

The company’s net profit for the first nine months reached 400 million Qatari Riyals ($109.9 million), compared to 363 million Qatari Riyals reported in the corresponding period last year.

Operating revenues for the nine months ended September 30, 2018, also bumped up to 1.8 billion Qatari Riyals, 10.2 percent up from 1.7 billion Qatari Riyals for the same period in 2017

Milaha Gas & Petrochem’s operating revenue remained flat with the same period last year while net profit declined by 135 million Qatari Riyals mainly due to vessel impairments recorded during the first half of 2018.

Milaha Gas & Petrochem owns two LNG carriers and also holds partial stakes in seven LNG carriers. It is also the largest shareholder in Qatari LNG shipping giant Nakilat.

Share this article

Follow LNG World News

Posted on October 31, 2018 with tags .

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >