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.