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Qatar’s Nakilat Q1 Profit Rises 17%

Qatar’s Nakilat Q1 Profit Rises 17%

The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31.

Qatar Gas Transport Co (Nakilat), the Middle East’s largest shipper of liquefied natural gas, reported a 16.6 per cent rise in first-quarter profit on Sunday.

The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31, up from 177 million riyals in the year-earlier period, according to a statement to Doha’s bourse.

QNB Financial Services had forecast Nakilat would make a quarterly profit of 205.6 million riyals.

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