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Qatar’s Milaha earns 5.2 per cent more y-o-y

Qatar market report

The Qatar Exchange 20 Index in Doha lost 0.43 per cent to close at 12,471.96 points.
Qatar Navigation Company (Milaha) dipped 0.20 per cent to QAR104.20, it disclosed in its financial statements for the year ended December 31, 2014. The financials revealed a net profit of QAR1 billion in 2014 versus QAR950m in 2013 and the earnings per share (EPS) amounted to QAR9.23 in 2014 compared to QAR8.33 in 2013.

The board of directors recommended a distribution of cash dividend of 55 per cent of the nominal share value (QAR5.5 per share).

Gérard Al-Fil