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Qatar’s Nakilat Q4 Profit Rises 14%

Qatar’s Nakilat Q4 Profit Rises 14%

Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.

Qatar Gas Transport Co (Nakilat), one of the world’s largest shippers of liquefied natural gas, reported a 14 percent rise in fourth-quarter net profit on Thursday.

Nakilat made a profit of QAR201.6 million ($55.4 million), up from QAR176.5 million a year earlier, according to Reuters calculations based on the company’s financial statements.

The firm’s 2014 net profit was QAR893.6 million, up from QAR729 million in 2013, it said.

Nakilat also proposed a QAR1.2-per-share cash dividend for 2014. This compares with its 2013 payout of QAR1.1-per-share, according to Reuters data.

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