Nakilat, the shipping arm of Qatar’s LNG operation, has reported a nine month net profit largely unchanged from a year ago.
The Doha-based company said net income was QAR 749m ($205m) versus the QAR 756.3m a year ago, according to a Qatar bourse statement.
Nakilat said the company’s strategic long-term charters for its LNG vessels and the strong LPG vessels performance have ensured the continuous strong financial profitability despite the current market conditions of fluctuating oil and gas prices and the slowdown in ship repair and building activities.
