Nakilat Profits in Q2, 2017 Fall 18.4% to QR 408.3 Million   
Earnings per share stood at QR 0.74 

July 25,  2017 
 
Qatar Gas Transport Company Limited (Nakilat) net profit in the first half of the year decreased by 18.4% to QR 408.3 million compared to QR 500.3 million in the corresponding period last year. Earnings per share stood at QR 0.74 versus QR 0.90 in the corresponding period in 2016..
 
The Group Securities Comment:
 
The company's total revenue in the first half of the year declined by 3.5%, despite the stable revenues of vessels at QR 1.52 billion as the company's share of profits in joint venture companies decreased by 23.1% to QR 185.6 million. Total expenses increased by 2.1% to QR 1.37 billion, of which QR 339.9 million were operating expenses, QR 582.1 million financing costs, QR 381.6 million equipment depreciation and QR 67.8 million general and administrative expenses. Net profit for the period decreased by 18.4% to QR 408.9 million. There was a positive change in fair value raising the comprehensive income to QR 427.3 million.