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Home / Business / Qatar Navigation 2013 Dividend Up, Q4 Net Profit Drops 13%

Qatar Navigation 2013 Dividend Up, Q4 Net Profit Drops 13%

The shipper’s net distinction for a final 3 months of 2013 was 172 million riyals ($47.2 million).


Qatar Navigation (Milaha) hiked a full-year division notwithstanding posting a 13 per cent dump in fourth-quarter net profit, Reuters calculations showed on Thursday.

The shipper’s net distinction for a final 3 months of 2013 was 172 million riyals ($47.2 million) compared with 197.6 million riyals in a same duration of a prior year, Reuters distributed formed on financial statements.

This came in next a expectations of an researcher during QNB Financial Services, who had foresee a distinction for a duration of 208.4 million riyals.

Full-year distinction for 2013 was 950 million riyals, adult from 835 million riyals in a prior year, a matter to a Qatar bourse said.

Milaha’s house has endorsed a money division of 5 riyals per share for 2013, a matter added. This is adult from a 3.75 riyals that a association paid for 2012, according to Reuters data.


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