Qatari marine services company Nakilat has announced a net profit of QAR757mn ($207.89mn) in Q3 2016, compared to QAR749mn ($205.69mn) for the same period last year.
The company’s Board of Directors has stated that the company’s strategic long-term charters for its LNG vessels and the strong LPG vessels performance have ensured financial profitability, despite low oil and gas prices and the slowdown in ship repair and building activities.
Nakilat’s managing director Abdullah Fadhalah Al Sulaiti was quoted in a press release as saying: “Nakilat’s financial performance, despite the current economic climate, is attributed to our long-term business strategies. We are actively seeking out new business opportunities to grow our business portfolio and maximise returns for our shareholders.”
