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Milaha Holds Ordinary General Assembly Meeting
(MENAFN- Qatar News Agency) Qatar Navigation (Milaha) Q.S.C. announced that its Ordinary General Assembly, in its meeting on March 16, 2016 approved the company's audited financial results for the year ended 31 December 2015.
The General Assembly ratified all the remaining items on its Agenda including the proposal by the Board of Directors to distribute a cash dividend of 50% of the nominal share value (equivalent to QR 5 per share).
Milaha's Net Profit for 2015 reached QR 1,095 million, a 4% increase over 2014. During the General Assembly meeting, Chairman of Milaha's Board of Directors HE Sheikh Ali bin Jassim bin Mohammad Al Thani presented an overview of the company's activities and financial results for 2015 along with highlights of business plans for the year 2016.
The Chairman stated that 2015 was a fruitful year for Milaha, at it witnessed the launch of the first direct sea freight service between Qatar and India, in addition to the signing of new contracts and increasing the size of its market share in several sectors.
Despite the difficult market conditions, the company's growth during the past year has been driven by the great improvement in the performance of its core sectors, which is a proof of the success of the growth strategy adopted by Milaha to build a stronger future base.
During the meeting, the Chairman provided shareholders with detailed answers with regards to all questions raised.
The General Assembly ratified all the remaining items on its Agenda including the proposal by the Board of Directors to distribute a cash dividend of 50% of the nominal share value (equivalent to QR 5 per share).
Milaha's Net Profit for 2015 reached QR 1,095 million, a 4% increase over 2014. During the General Assembly meeting, Chairman of Milaha's Board of Directors HE Sheikh Ali bin Jassim bin Mohammad Al Thani presented an overview of the company's activities and financial results for 2015 along with highlights of business plans for the year 2016.
The Chairman stated that 2015 was a fruitful year for Milaha, at it witnessed the launch of the first direct sea freight service between Qatar and India, in addition to the signing of new contracts and increasing the size of its market share in several sectors.
Despite the difficult market conditions, the company's growth during the past year has been driven by the great improvement in the performance of its core sectors, which is a proof of the success of the growth strategy adopted by Milaha to build a stronger future base.
During the meeting, the Chairman provided shareholders with detailed answers with regards to all questions raised.
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