Nakilat Net Profit in Q1, 2017 Drop 20.4% to QR 191 Million

April 23, 2017

Qatar Gas Transport Company net profit amounted to QR 191 million, compared to QR 240 million for the same period of the previous year. Earnings per Share (EPS) amounted to QR 0.34, compared to QR 0.43 for the same period of the previous year.

The Group's Comment

Qatar Gas Transport total income increased by 3.1% to QR 877.5 million in the first quarter of 2017, including QR 752.6 million as revenues of ship operations, and QR 83.8 million from joint projects.  Total expenses increased by 3.2% to QR 686.2 million, including 170.8 million as operational expenses; QR 189.6 provision of depreciation; QR 293.1 million as financing cost.  As result, the profit posted in this period dropped by 20.4% to 191 million. Comprehensive income stood at QR 194.7 million, compared to total loss in the same period last year worth QR 455.1 million.