Qatar's Nakilat Q1 Profit Rises 17 Pct

Posted by Joseph R. Fonseca
Sunday, April 27, 2014


Qatar Gas Transport Co (Nakilat), the Middle East's largest shipper of liquefied natural gas, reported a 16.6 percent rise in first-quarter profit on Sunday.

The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31, up from 177 million riyals in the year-earlier period, according to a statement to Doha's bourse.

QNB Financial Services had forecast Nakilat would make a quarterly profit of 205.6 million riyals.

(Reporting by Matt Smith; editing by Olzhas Auyezov)

($1 = 3.6407 Qatar Riyals)

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