Nakilat raises net profit on LNG transport

Qatar-based Nakilat has seen progress in the first nine months of the year in which the LNG shipper managed to raise its net profit 9% over the same period last year.

Photo: Höegh LNG

Gas carrier Nakilat – a shipper of both LNG and LPG - has made great strides. In the first nine months of the year, the Qatar-based carrier reported a net profit of USD 208 million (QR 756.3 million) – a 9% rise compared to the same period last year, a number of media reports reveal.

Earnings per share of QR 1.25 from the nine-month period last year has been raised to QR 1.37 this year. The carrier has been working on reducing costs for some time and has managed to bring down financial costs, as loans have been repaid.

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