Nakilat has announced its financial results for the third quarter ended 30 September 2016, where the company’s net profit reached QR 749 million compared to QR 757 million for the same period last year, the company said in its press release.
The Board of Directors stated that the company’s strategic long-term charters for its LNG vessels and the strong LPG vessels performance have ensured the continuous strong financial profitability despite the current market conditions of fluctuating oil and gas prices and the slowdown in ship repair and building activities. The board also reaffirmed their steadfast commitment to Nakilat's growth and development strategy, in line with Qatar’s National Vision 2030.