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FinancialNews
24-04-17
Qatar's Nakilat posts QR191mn revenue in Q1
(MENAFN) Nakilat recorded its fiscal results for the first quarter of the year with a net profit of QR191mn compared to QR240mn of the same period in 2016.
Additionally, the lower profit is attributed to the effect of cutting value of vessels in accordance with applicable Intl Accounting Standards, in addition to the reduced ops of joint ventures.
Accordingly, despite the recent economic downturn and market volatility, Nakilat has been enhancing its operational activities which are showed by the transition of two vessels in the cited period.
Additionally, Nakilat is a Qatari LNG transport firm offering an essential transportation link in Qatar's LNG supply chain, which covers 63 LNG vessels.
MENAFN2404201700450000ID1095414674
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