Qatar Navigation (Milaha) revealed a net profit of QR 724 million ($198.85million) compared to QR 59 million ($16.20million) for the same period in 2020.
The shareholding company announced Wednesday its financial results for the twelve months ended Dec. 31, 2021.
The company announced in a statement Earnings Per Share of QR 0.64 for the year ended Dec. 31, 2021, compared to QR 0.05 for the same period in 2020.
The Board of Directors decided to recommend to the General Assembly to distribute a 30 percent cash dividend of the par value of a share.
It is equivalent to QAR 0.30 per share, representing a payout ratio of 47 percent of 2021 net profit.
Chairman of the Board of Directors of Milaha Sheikh Jassim bin Hamad bin Jassim Jaber Al-Thani said that Milaha displayed strength and resilience in response to the global challenges and business disruptions faced in 2021.
He noted that the focus on core business was demonstrated in a strong performance, on both financial and operational levels.
