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Milaha loses ground during 2016

Oil and shipping group Milaha, also known as Qatar Navigation, lost revenue in four of the group's five business areas during the first nine months of the year, according to a financial statement.

Photo: Milaha

Qatar-based shipping group Milaha, also called Qatar Navigation, which operates a broad portfolio of companies in tanker and offshore, booked an operating result of USD 140 million in the first nine months of the year, compared to USD 188 million in the same period last year, shows the recently released financial report.

Revenue dropped significantly in three out of Milaha's four business areas.

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