Milaha has reported net profit of QR59mn on operating revenues of QR2.27bn in 2020 and declared 30% cash dividend. “2020 was a challenging year but our resilience and dedication has helped us achieve good operational results despite the low asset values for 2020," Milaha chairman Sheikh Jassim bin Hamad bin Jassim Jaber al-Thani said. Milaha Gas and Petrochem’s operating profit jumped 114% year-on-year to QR112mn, driven by both an increase in revenue and a drop in overall expenses. Net profit for the segment, however, dropped by QR4mn compared to 2019, as a result of a loss recorded in one of its joint venture companies. Milaha Offshore’s operational performance remained strong despite lo
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