Qatar Navigation (Milaha) Q.P.S.C. today announced its financial results for the three months ended March 31, 2022.
Key financial highlights:
Milaha Maritime & Logistics’ net profit increased by QAR 46 million on the back of continued strong container shipping rates and internal optimization measures.
Milaha Gas & Petrochem’s net profit increased by QAR 21 million, mainly a result of higher income from our associate companies.
Milaha Offshore’s net profit increased by QAR 6 million, driven by strong revenue growth and increased performance of key assets.
Milaha Capital’s net profit decreased by QAR 8 million, with lower investment income partially offset by increased real estate profits.
Milaha Trading’s bottom line decreased by QAR 1 million due to margin compression in our marine & lubricant business.
The company will conduct an investor conference call on Thursday, April 21 at 1:30pm Doha time, to further discuss its results. The conference call may be accessed by telephone by dialing 00 800 100 443 and entering the Conference ID: 8742628. Further information can be found on our website www.milaha.com.