Nakilat Discloses Its Consolidated
Financial Statements for 2016
February 02, 2017
Nakilat's net profit is QR 954.2 million compared to net profit
amounting to QR 982.3 million for the same period of the
previous year. Earnings per Share (EPS) amounted to QR 1.72
compared to QR 1.77 for the same period of the previous year.
The Board of Directors’ suggestions regarding distribution of
cash dividends for the fiscal year ended 31/12/2016 totaling
(10%) of the capital, which is equivalent to (One Riyal) per
share.
The Group's Comment
Nakilat's operational income increased by 2.25% to QR3.76
million in 2016, including QR 3.07 billion as revenues of
operating ships. Total expenses increased by 4.1% to QR2.81
billion, including 718 million as expenses of operating the
ships, and QR1187.7 million as financing cost. Consequently,
this year's profit attributable to shareholders dropped by 2.9%
to QR954.2 million. The company also made profit from the
positive change in the fair value worth QR578 million, thus
causing the comprehensive income to rise to QR1532.5 million.
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