Qatar Navigation (Milaha) has posted bigger earnings in the first nine months thanks to a busier fleet.
Net profit was QAR 400m ($110m), compared to QAR 363m for the same period of 2017.
The mixed fleet of LNGCs, tankers, OSVs, boxships and tugs brought in revenue of QAR 1.8bn , up from QAR 1.7bn.
Operating profit was up at QAR 314m from QAR 200m.
It booked impairments of QAR 43m for containerships in the third quarter, and more unspecified impairments in the gas and tanker division.
But revenue was boosted by a rise in vessel utilisation, and impairments were actually lower than in 2017.
Milaha Capital’s net profit increased by QAR 168m due to higher dividend income and financial portfolio trading returns.
