Nakilat Posts Higher Profit

Natural gas carrier Qatar Gas Transport Company (Nakilat) disclosed an 8% higher year-on-year net profit in its interim financial statement for the three months ended March 31, 2015.

The financial statement filed with Qatar Stock Exgange revealed a net profit of QR 222.4 million ( USD 69 million) in comparison to QR 206.5 million for the corresponding period in 2014. The earnings per share (EPS) amounted to QR 0.40 as of March 31, 2015 versus QR 0.37  of the same period in 2014.

The profit rise trend in the first quarter this year comes as a continuation of the profit rise from 2014, when Nakilat posted a 23% year-on-year-increase in full year profit, reaching  QAR 895 million.

Nakilat’s fleet is comprised of 54 wholly- and jointly-owned LNG and four LPG vessels, according to the company’s website.

World Maritime News Staff