By Abdul Rawuf
Company cites improved performance at its maritime and logistics businesses
Qatar Navigation (Milaha) on Monday reported a 30 percent increase in net profit for the first half of the year, with the company citing improved performance at its maritime and logistics, offshore and capital businesses.
The firm made a net profit of QR574m ($157.6m) in the six months to June 30, compared to QR441m in the corresponding period in 2012, the company said in a statement on Doha's bourse.
No quarterly figures were provided.
However, Reuters calculated a second-quarter net profit of QR229.4m based on earlier earnings announcements.
QNB Financial Services had estimated Milaha to post a second-quarter net profit of QR212.13m.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.