Qatar Navigation posts 9.7pc net profit fall in H1

July 21, 2014 - 10:06:23 am

DOHA: Qatar Navigation (Milaha) posted a 9.7 percent fall in its first half net profit on Monday.

The shipper's net profit for the first half of 2014 to June 30 was 518.29 million riyals ($142.38 million) compared with 573.75 million riyals in the same period of the previous year, the firm said its financial statement.

The firm posted second quarter net of 169 million riyals, according to Reuters calculations, versus expectations of an analyst at QNB Financial Services, who had forecast a profit for the period of 217.76 million riyals. (Reuters)