Tuesday, November 5, 2024

Qatar Gas Transport Q1 Net Profit Rises 7.9%

Posted by April 19, 2016

Photo: Nakilat

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas (LNGLF), posted a 7.9 percent rise in first-quarter net profit on Tuesday.
 
The company made a net profit of 240 million riyals ($65.91 million) in the three months ending March 31, it said in a statement.
 
This was up from a profit of 222.4 million riyals in the same period a year earlier.
 
One analyst polled by Reuters had forecast Nakilat's first quarter net profit would be 234.2 million riyals.
 

($1 = 3.6413 Qatar riyals)

(Reporting By Tom Arnold; editing by Matt Smith)

Related News