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Nakilat profits slow down in last quarter.
(From Lloyds List)
Qatar Gas Transport Co (Nakilat), which has ambitions to become the world's largest owner of liquefied natural gas carriers, has disclosed full year results as it gears up for another round of multi-billion financing, writes Tony Gray .
For 2006, Nakilat reported net profit of Riyals45.29m ($12.5m) and earnings per share of Riyals0.08.
This shows that the company's profitability slowed in the final three months, as after nine months net profit was Riyals39.53m.
Nakilat, which has been in existence little more than two years, said net profit was Riyals49.8m during the period from June 9, 2004 to December 31, 2005.
Earnings per share for that period were Riyals 0.09.
However, Nakilat is a young company and its profit so far has mainly come from interest income and revenue ...
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