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Nakilat announces 3Q16 results

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LNG Industry,

In its 3Q16 results, Nakilat recorded a net profit of QR 749 million compared to QR 757 million in the corresponding period of last year.

The Board of Directors said that the company’s continuous strong financial profitability could be attributed to the strategic long-term charters for its LNG vessels and the strong LPG vessels performance.

The board also reaffirmed its commitment to Nakilat's growth and development strategy, in line with Qatar’s National Vision 2030.

Nakilat Managing Director Eng. Abdullah Fadhalah Al Sulaiti said: “Nakilat’s resilient financial performance, despite the current economic climate, is attributed to the prudence and effectiveness of our long-term business strategies. We are actively seeking out new business opportunities to grow our business portfolio and maximise returns for our shareholders […] Our joint ventures continue to value-add to our operations, strengthening our ambition to be a global leader and provider of choice for energy transportation and maritime services.”

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