{"id":111823,"date":"2023-08-07T08:18:07","date_gmt":"2023-08-07T06:18:07","guid":{"rendered":"https:\/\/investmentbell.com\/?p=111823"},"modified":"2023-08-21T16:34:27","modified_gmt":"2023-08-21T14:34:27","slug":"low-freight-rates-put-pressure-on-qatar-milahas-profitability-in-the-first-half-of-2023","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/it\/news\/stocks\/low-freight-rates-put-pressure-on-qatar-milahas-profitability-in-the-first-half-of-2023\/","title":{"rendered":"Low freight rates put pressure on Qatar Milaha&#8217;s profitability in the first half of 2023"},"content":{"rendered":"<p>The net profit of Qatari Milaha increased in the second quarter of 2023 by 1.4%, compared to the corresponding month of last year, to reach 284.4 million riyals.<\/p>\n\n\n\n<p>The company&#8217;s profits increased by the end of the first half of this year by 1%, on an annual basis, to reach 647.4 million riyals.<\/p>\n\n\n\n<p>The company&#8217;s semi-financial statements showed a decline in operating revenues by 14.7% to about 1.5 billion riyals, as a result of the decline in container freight rates by about 152 million riyals, to the lowest recorded levels.<\/p>\n\n\n\n<p>Net profit in offshore platform support services increased by 99 million riyals, as a result of improved operational efficiency and the acquisition of projects with higher profit margins.<\/p>\n\n\n\n<p>Milaha Capital&#8217;s net profit recorded an increase of 35 million riyals, driven by an increase in investment income and a decrease in provisions.<\/p>\n\n\n\n<p>tag<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost111823\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost111823').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>The net profit of Qatari Milaha increased in the second quarter of 2023 by 1.4%, compared to the corresponding month of last year, to reach 284.4 million riyals. The company&#8217;s profits increased by the end of the first half of this year by 1%, on an annual basis, to reach 647.4 million riyals. The company&#8217;s [&hellip;]<\/p>","protected":false},"author":13,"featured_media":111824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-111823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/111823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/comments?post=111823"}],"version-history":[{"count":1,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/111823\/revisions"}],"predecessor-version":[{"id":144285,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/111823\/revisions\/144285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media\/111824"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media?parent=111823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/categories?post=111823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/tags?post=111823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}