Qatar Navigation Q.S.C. today announced the financial results for the nine months ended September 30, 2011.
Summary financial results for the third quarter of 2011 are as follows:
H.E. Sheikh Ali bin Jassim bin Mohammed Al-Thani, Qatar Navigation’s Chairman & Managing Director, said “2011 has been a transitional year for Qatar Navigation. We are continuing to execute against our defined long term strategy, and have managed to grow our top line in the midst of volatile market conditions and reduced freight prices in various shipping sectors.”
H.E. also stated that Qatar Navigation has begun implementing several transformation initiatives that will build a strong platform for future growth adding that “Qatar Navigation, as promised, has refreshed and redefined its brand to align with its vision and strategy and that the long-awaited new identity will be launched next month.”