Milaha Posts QR 441 Million Net Profit

Doha, August 05 (QNA) - Qatar Navigation (Milaha) disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 441 million in comparison to QR 418 million for the same period last year, the company said in a statement. The company's Earning per Share (EPS) amounted to QR 3.85 as of June 30, 2012 versus QR 3.65 for the corresponding period in 2011. Milaha was established in July 1957 and was listed on the Qatar Exchange in May 1997. In 2010, Milaha announced the acquisition of Qatar Shipping Company. The company is active in a number of areas, including shipping, shipping agencies, ship repair, good clearance, ship supply, maintenance and building oil installations and others. (QNA)