Qatar Gas Transport Company Limited (Nakilat), the shipping arm of Qatar’s liquefied natural gas (LNG) sector announced its financial results for the first quarter ended 31 March 2016, where the company’s net profit reached QR 240 million compared with QR 223 million of the same period of last year (2015), with an increase of 8%, the company said in its press release.
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.
The company strategy involves new business opportunities by acquiring new vessels that serve the international maritime industry. Nakilat is also continually assessing current investments in relation to profitability in order to address any risk involved for the company and its shareholders.
Nakilat’s commitment to safety is the cornerstone of its business activities with a strong emphasis throughout its joint ventures.