Milaha’s profit up in first half of 2018

Milaha's profit up in first half of 2018
Image courtesy of Milaha

Doha-based Qatar Navigation (Milaha) reported an increase in net profit for the first half of 2018.

The company’s net profit for the first six months reached 297 million Qatari Riyals ($81.6 million), up 11.2 percent from 267 million Qatari Riyals in the corresponding period in 2017.

Operating revenues also went up from 1.15 billion Qatari Riyals in the first half of 2017 to 1.25 billion Qatari Riyals in the period under review.

Milaha Gas & Petrochem’s revenue increased by 5 million Qatari Riyals, the company said in its report, adding that vessel impairments did hamper the overall net profit by 145 million Qatari Riyal.

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 July 30, 2018 with tags .

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >