By Eslam Salem
Doha – Mubasher: Shareholders of Qatar Navigation Company QSC (Milaha) approved on Wednesday the distribution of cash dividends at 50% of capital or QAR 5 per share.
They also endorsed the balance sheet and profit/loss statement for the fiscal year 2015.
Dividends for the fiscal year 2014 were paid at QAR 5.5 per share.
Milaha’s FY15 net profit amounted to QAR 1.095 billion ($300 million), up 4% year-on-year from QAR 1.05 billion ($285 million).
Translated by Sayed Abdel Rahman
