Qatar Navigation ... gains go up.
Qatar Navigation profit jumps 32.8pc
DOHA, February 25, 2015
Qatar Navigation (Milaha) raised its 2014 dividend and its fourth-quarter net profit jumped 32.8 per cent, Reuters calculations showed on Wednesday.
It made a net profit of QR228.2 million ($62.7 million) in the three months ending December 31, up from QR171.8 million a year-ago, according to Reuters calculations based on financial statements and Thomson Reuters data.
In a filing with Qatar's bourse, Milaha said it recorded a net profit for 2014 of QR1.05 billion for 2014, up from QR950 million in the previous year.
The firm added in its statement that it would pay a cash dividend for 2014 of QR5.5 per share. This is higher than the QR5 per share payout for 2013, according to Thomson Reuters data. - Reuters