Mubasher: Qatar Navigation (Milaha) on Monday reported a 20.9% year-on-year increase in its profits for the second quarter of 2018.

Net profits amounted to QAR 37.2 million ($10.2 million) in Q2-18, compared to QAR 30.8 million ($8.5 million) in Q2-17, according to the company’s statement.

For the first half of 2018, Milaha’s net profits grew 11.2% to QAR 297 million, from QAR 267 million in H1-17.

Earnings per share (EPS) amounted to QAR 2.62 during the six-month period ended June, versus QAR 2.35 in the same period of the prior year.

Operating revenues of the Qatar-based maritime transport and logistics conglomerate levelled up 8.7% to QAR 1.25 billion during the January-June period of 2018, from QAR 1.15 billion in the same period in the year before.

Operating profits recorded QAR 258 million in H1-18, versus QAR 170 million for the same period in 2017, the statement showed.

It is worth noting that Milaha’s profits jumped 10.2% year-on-year to QAR 260 million in Q1-18.

By the end of Monday’s session, Milaha’s stock advanced 0.31% at QAR 65.20.