Qatar Navigation's 9M Profit Up
Doha-based shipping and logistics company Qatar Navigation (Milaha) October 30 said its net profit for the nine months to September 30 (9M 2018) increased 10.2% year-on-year.
Company’s net profit was Qatari riyal 400mn ($110mn) compared with Qatari riyal 363mn in the same period last year. Operating revenues was Qatari riyal 1.8bn, up from Qatari riyal 1.7bn in the year ago period, it said.
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Qatar Navigation owns two LNG carriers, Milaha Ras Laffan and Milaha Qatar, and has stake in seven other LNG carriers. It also owns 30.3% in Qatari Nakilat.