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Qatar Shipping Co. profit up 35%

Qatar Shipping Co., a marine freight transportation company, has announced that its 2007 full-year profit increased 35%, reported Bloomberg. Net income advanced to 621.4 million riyals ($170.8m), or 6.21 riyals a share, from 458.6 million riyals, or 4.59 riyals, the company said in a filing to the Doha Securities Market today.