Qatar’s Nakilat has turned in improved first-half results after growing its fleet and trimming costs.

It posted a net profit of QAR 550m ($151m) for the first six months of this year, up 15.5% on the QAR 476m logged in the same period of 2019.

Revenue climbed by more than 11% to QAR 2bn.

Nakilat said one of the key reasons for the positive figures was the start of the second phase of its fleet management transition process, which has seen two LNG carriers shifted over to its Doha operations in the...