Nakilat Net Profit Rises by 8.5% to QR658.2 Million in Q3 2018

October 29, 2018

Qatar Gas Transport Company Ltd. (Nakilat) net profit amounted to QR658.2 million, compared to QR606.4 million for the same period last year, while the company’s earnings per share reached QR1.19, versus QR1.09 for the corresponding period of 2017.

The Group’s Comments:

Nakilat’s total operating income increased by 1.6% to QR2.73 billion, of which QR2.3 billion was generated from ship operations. Total expenses slipped slightly lower to QR2.07 billion. As a result, the profit for the period ended on 30/09/2018 increased by 8.5% to QR658.2 million. The company benefited from the increase in the value of cash hedges following the rise in the interest rate on the dollar and the increase in the fair value causing the comprehensive income to increase to QR 1,524.2 million, versus QR 653.2 million reached in the corresponding period of 2017.