Qatar Navigation Q P S C : Year Q2 2023 Presentation
August 07, 2023 at 03:57 am EDT
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H1 2023 Financial Summary Conference Call
Doha, Qatar
August 7, 2023
Consolidated Income Statement - H1
(All amounts in QR Millions)
2021
2022
2023
Operating Revenue
1,373
1,774
1,511
Salaries, Wages and Other Benefits
(305)
(313)
(304)
Operating Supplies and Expenses
(618)
(858)
(615)
Rent Expenses
(3)
(4)
(5)
Depreciation and Amortisation
(183)
(185)
(192)
Provision of Impairment of Trade Receivables
(11)
(23)
3
Other Operating Expenses
(109)
(81)
(54)
Operating Expenses
(1,229)
(1,463)
(1,167)
Operating Profit before Impairments
144
310
344
Impairment of Property, Vessels and Equipment
(12)
-
-
Finance Costs
(39)
(29)
(27)
Finance Income
16
7
9
Net Gain on Disposal of Property, Vessels & Equipmen
(5)
1
4
Share of Results of Associates
226
275
248
Share of Results of Joint Arrangements
105
76
69
Net Gain on Foreign Exchange
3
1
0
Tax for the Year
-
-
-
Non-Operating Profit
295
332
304
Profit for the Period
439
642
648
Non-controlling interest
(1)
(1)
(0)
Net Profit Attributable To Equity Holders Of The
438
641
648
Parent
Revenue
-15%
Operating Profit
11%
before Impairments
Net Profit
1%
%'s shown vs 2022
1,774
1,511
1,373
641
648
438
2021
2022
2023
2021
2022
2023
Revenue
Net Income
2015
2
Activities by Segment
Port Services
Container Shipping
Warehousing & Logistics
Shipyard
Shipping Line Agencies
Vessel Charter & Operations
Diving & Subsea Services
Construction and Maintenance Services
Well Services
Harbor Marine Operations
LNG Transport
LPG Transport
Floating Storage and
Offloading (FSO) Operations
Heavy Equipment and Truck Agency
Bunker Distribution
Marine Engine and Lubricants Agency
Ship Chandlery
Real Estate Development and Management
Strategic and Financial Investments
3
Net Profit, by Segment - H1
(All amounts in QR Millions)
Unfavorable
Favorable
+6%
%'s shown vs 2022
326
307
259
+27%
182
+344%
162
128
124
127
70
-84%
30
+134%
29
1
(4)
(12)
(3) Trading
Maritime &
Offshore
Gas & Petrochem
Capital
Logistics
2021
2022
2023
4
Statement of Income, by Segment - H1 2023
(All amounts in QR Millions)
5
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Disclaimer
Qatar Navigation QSC published this content on 06 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 07:56:08 UTC.
Qatar Navigation QPSC is a Qatar-based public shareholding maritime and logistics company, which provides integrated transport and supply chain solutions. The Company, along with its subsidiaries, is engaged primarily in marine transport, acting as agent to foreign shipping lines, offshore services, sale of heavy vehicles, ship repair, fabrication and installation of offshore structures, land transport, chartering of vessels, real estate, investment in listed and unlisted securities, trading of aggregates, building materials and the operation of a travel agency. It is organized into the following business segments: Milaha Capital, Milaha Maritime and Logistics, Milaha Offshore, Milaha Trading, Milaha Gas and Petrochem and Milaha Corporate. Its subsidiaries include: Qatar Shipping Co QSC, Halul Offshore Services Co WLL, Macgregor Qatar Navigation Co WLL, Peninsula LNG Transport No 2 Ltd and Iraq Qatar Transport and Shipping Services Co Ltd, among others.
QATAR NAVIGATION Q.P.S.C. 
