The operating revenue for the period to June 2006 amounted to Qrs. 508 million as against Qrs. 391 million for the same period in year 2005 reflecting an increase of 30%.
Despite a negative movement of the Doha Securities Market's overall performance, Qatar Navigation however, reflected a growth in its results as compared to the same period in the year 2005. This was due to its unique policy decisions as well as key resource utilization.
The company has started construction of a new office tower in Daffna area amounting to Qrs. 420 million. Further, it is also exploring a project to build three new vessels for transportation of containers. The capacity per vessel would be about 1,000 TEUs.
The company expects to receive a new floating dry dock for repairing vessels. The floating dock is being built in Ukraine, which will be received at the end of August 2006 and is estimated to cost around Qrs. 25 million.
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Qatar Navigation achieves net profit of Qrs. 165 million for the period ending 30th June, 2006
- Qatar: Monday, July 17 - 2006 at 14:20
- PRESS RELEASE
Sheikh Hamad Bin Suhaim Al Thani, the Chairman of Qatar Navigation, declared that the company had achieved a net profit of Qrs. 165 million for the period ending 30th June, 2006 as compared to Qrs. 160 million for the same period in the year 2005.
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Posted by Janeta Novakovic, Assistant News EditorMonday, July 17 - 2006 at 14:20 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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