Qatar Gas Transport Q1 Net Profit Rises 7.9%

Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.9 percent rise in first-quarter net profit on Tuesday.

The company made a net profit of 240 million riyals ($65.91 million) in the three months ending March 31, it said in a statement.

This was up from a profit of 222.4 million riyals in the same period a year earlier.

One analyst polled by Reuters had forecast Nakilat's first quarter net profit would be 234.2 million riyals.