DUBAI: Qatar Navigation (Milaha) raised its 2014 dividend and its fourth-quarter net profit jumped 32.8 percent, Reuter’s calculations showed on Wednesday.
It made a net profit of 228.2 million riyals ($62.7 million) in the three months ending Dec. 31, up from 171.8 million riyals a year-ago, according to Reuters calculations based on financial statements and Thomson Reuters data.
In a filing with Qatar's bourse, Milaha said it recorded a net profit for 2014 of 1.05 billion riyals for 2014, up from 950 million riyals in the previous year.
The firm added in its statement that it would pay a cash dividend for 2014 of 5.5 riyals per share. This is higher than the 5 riyals per share payout for 2013, according to Thomson Reuter’s data.
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