|
Nakilat Net Profit Up 13.2% to QR216.4
Million in the first quarter of 2018
April 24, 2015
Qatar Gas Transport Company Ltd. (Nakilat)
disclosed its financial statements for the period ended on 31
March 2018, with a net profit of QR216.4 million, an increase of
13.2%, compared QR191 million for the same period last year. The
company’s earnings per share amounted to QR0.39 for the first
quarter ended 31 March 2018, versus QR0.34 for the same period
of 2017.
The Group Comment
Nakilat total income increased by 1.5% to QR
890.3 million the first quarter, including 757.6 million form
ships operations. Total expenses decreased by 1.8% to QR 673.6
million, of which QR 288.3 allotted to the cost of financing,
and QR 164.6 million to public expenses. As result, net profit
shot up by 13.2% to QR216 million. The company also registered
positive change in the fair value of investments in hedging
derivatives instruments worth 310.6 million. Comprehensive
income thus jumped up to 606.6 million, compared to QR 194.4
million in the corresponding period.
|