Nakilat posts strong 1Q 2024 results

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Qatar Gas Transport Company (Nakilat)’s Net Profit rose by 6.1 percent in Q1 of 2024, to become QR 419,757,000, compared to a Net Profit of QR 395,488,000 for the same period of the previous year.

The increase in results can be credited to the company’s ongoing emphasis on operational effectiveness, efficient cost management, and strong market demand for its LNG shipping services.

In its disclosed interim financial statement for Q1 of 2024 which ended on March 31, Qatar Gas Transport Company Ltd. indicated that its Earnings per Share (EPS) amounted to QR 0.08 as of March 31, 2024 as opposed to the Earnings per Share (EPS) of QR 0.07 for the same period in 2023.

Commenting on these results, Nakilat Chief Executive Officer Eng. Abdullah Al Sulaiti said, “Despite uncertain economic outlook and high interest environment, we have remained committed to reliable and safe global operations, continuing to deliver clean energy to +40 countries and about 100 terminals across continents. Throughout two decades of operations, we have been meeting the worlds demand for LNG, as a dependable partner.”

Source: QNA