Qatar Navigation (Milaha) saw its profit slump 25.2% in the first nine months of the year, but its investment in two LNG carriers helped ease its revenue plunge.

The Doha-listed diversified shipowner reported net profit of QAR 759m ($208m) for the period, down from QAR 959m in the first three quarters of 2015.

The slump in the bottom line came on the back of a 13.5%