Mubasher: Qatar Gas Transport Company (Nakilat) posted a 5.3% profit increase in the fiscal year ended 31 December 2018.
Nakilat’s net profits amounted to QAR 891.1 million ($244.73 million) in 2018, compared to QAR 846.2 million ($232.40 million) in 2017, according to the company’s statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) registered QAR 1.61 for the fiscal year ended 31 December, against QAR 1.53 in the prior year.
The Qatari firm’s board of directors recommended a cash dividend distribution of 10% of the share’s nominal value, or QAR 1 per share.
Nakilat’s capital reaches QAR 5.53 billion distributed over 544.02 million shares.
The Qatar-based company expanded its fleet by adding two liquefied natural gas (LNG) carriers and acquired a major stake in its first floating storage regasification unit (FSRU).
During the first nine months of 2018, Nakilat’s profits rose to QAR 658.2 million, from QAR 606.4 million in the year-ago period.
