Third quarter brings fresh air to Milaha

Following a disappointing first half year, the 3rd quarter helped push Qatar-based carrier Milaha back on track, says Chairman Sheikh Ali.

Photo: Milaha

The Qatar-based shipping group Milaha achieved a net result of USD 225.5 million in the first nine months of the year, an improvement from the same period last year, where the carrier made USD 213.6 million - a 5.5 percent growth that is especially attributed to the 3rd quarter, according to a statement from Milaha, though the company does not present its figures for the 3rd quarter.

In the statement, the company describes the first half of the year as somewhat disappointing. The improvement in the 3rd quarter was driven by strong growth in trade volumes and an upswing in the Qatar stock market.

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