Qatar's Nakilat posts 6.3pc Q3 net profit increase
October 07, 2013 - 9:06:24 am
DUBAI: Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas (LNG), posted a 6.3 percent increase in third-quarter net profit, according to Reuters calculations.
The firm made 192.9 million riyals or $53 million in the three months to Sept. 30, Reuters calculated based on financial statements, up from 181.4 million riyals in the same period a year earlier.
The figure missed the estimate of QNB Financial Services, which forecast a net profit of 210.7 million riyals.
In a statement to the Qatar stock exchange on Monday, Nakilat posted a slight decline in nine-month net profit.
It made 552.5 million riyals versus 562.2 million riyals in the corresponding period of 2012.
No reason was given for the earnings drop in the brief bourse filing. (Reuters)