Milaha has reported a 10% increase in profit to QAR1bn ($274m) as a strong performance from its tanker business offset profit drops in its logistics and offshore businesses.

Qatar Navigation (Milaha) recorded a 14% increase in profit, to QAR950m ($261m) in 2013 from QAR835m in 2012.

Milaha (Qatar Navigation) has announced a first half profit of QR574m ($157.6m)