DOHA: Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, recorded a net profit of QR501m in the first half of this year, up 2 percent compared to the QR491m for the same period last year .
The increase in the company’s profits reflects the strong growth of Nakilat’s operating activities in transporting liquefied natural gas (LNG), and better performance of its liquefied petroleum gas (LPG) vessels.
Nakilat Managing Director Abdullah Fadhalah Al Sulaiti (pictured) said, “Nakilat’s half-year financial results are a clear indicator of the strength and stability of the company’s financial position, which has been achieved through sound growth and developmental strategies over the years. We are also continually assessing current investments in relation to profitability in order to address any risk involved for the company and its shareholders.”
Al Sulaiti added, “Our LNG joint venture operations continue to underpin Nakilat’s financial results, enabling us to value-add to our shareholders.”
The Peninsula
