The company previously known as Qatar Navigation saw itsbottom line rise to QAR 950m ($261m) in 2013 from QAR 835m in 2012.

Operating profit jumped by a similar rate to QAR 647m in2013 from QAR 562m a year earlier.

However full year revenue dipped by 2% to QAR 2.24bn from QAR2.29bn.

“While the tremendous upturn in the Qatar stock marketaccounted for a majority of the increased profit, we had strong positive growthfrom some of our core businesses as well, such as offshore, container shippingand logistics,” said Khalifa Ali Al-Hetmi, president and CEO of Milaha.

“We