Doha – Mubasher: Qatar Navigation Company (Milaha) said Sunday that it will announce the financial statements for the first quarter of fiscal 2016 on 23 April, according to a bourse filing.
The company’s profit rose in the fourth quarter of 2015 by 40.3% QAR 136 million ($37 million), compared to QAR 228 million ($62 million) in the same quarter of 2014.
In 2015, net profits reached 1.095 billion ($300 million) versus QAR 1.049 billion ($285 million) in the fiscal year 2014.
Milaha’s shareholders earlier approved cash dividends at 50% of capital or QAR 5 ($1.37) per share for 2015.
The Qatar-listed company’s stock declined in Sunday’s mid trading by 0.66% to QAR 90 ($24.71).
