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FINANCIAL NEWS
Qatar’s Nakilat total profit increases 10 percent
21 Feb 2016
(MENAFN) The Qatar Gas Transport Co. Ltd (Nakilat) registered an underlying income of USD 270.02mn for the whole year of 2015, up 10 percent compared to USD 245.6mn for 2014.
Moreover, the firm attained a higher viability level by increasing business streams across the addition of three new LNG vessels to Nakilat’s LNG Fleet in 2015.
In addition, the board ordered a cash payment to the shareholders equal to 12.5 percent of the nominal value of its capital, which is equivalent to USD 0.34 per share.
Accordingly, the firm in a positive situation because of the stable cash flows and highly rated sponsors joined with long-term and positive contract structures.
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