Milaha Reports A 21% Increase In Net Profit For Q1 2022

Source: www.gulfoilandgas.com 4/20/2022, Location: Middle East

Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the three months ended March 31, 2022.

Key financial highlights:

- Operating revenues of QAR 913 million for the three months ended March 31, 2022, compared to QR 675 million for the same period in 2021

- Operating profit of QAR 194 million for the three months ended March 31, 2022, compared to QAR 131 million for the same period in 2021

- Net profit of QAR 360 million for the three months ended March 31, 2022, compared to QAR 297 million for the same period in 2021

- Earnings per share increased to QAR 0.32 for the three months ended March 31, 2022 compared to QAR 0.26 for the same period in 2021

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.


United Kingdom >>  8/9/2022 - AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced a further update on the red...
Canada >>  8/8/2022 - International Petroleum Corporation (IPC or the Corporation) (TSX, IPCO) is pleased to announce that IPC repurchased a total of 144,000 IPC common sha...

Norway >>  8/8/2022 - The below information is released to provide Magseis Fairfield shareholders updated financial information in connection with the announced voluntary e...
United States >>  8/8/2022 - Invinity Energy Systems plc (IES), a leading global manufacturer of utility-grade energy storage , is pleased to announce the commencement of U.S. tra...

United States >>  8/8/2022 - Diversified Energy Company PLC (LSE: DEC) is pleased to announce its Interim Results for the six months ended 30 June 2022 and other recent highligh...
United States >>  8/8/2022 - Prospera Energy Inc. ("Prospera") (FRA) is pleased to release its Q1 2022 financial and operating results. Selected financial and operational informat...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.