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Qatar’s Nakilat Q4 Profit Falls 13%

The association done a fourth-quarter distinction of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier.


Qatar Gas Transport Co (Nakilat), one of a world’s largest shippers of liquefied healthy gas, posted a 13 percent dump in fourth-quarter net distinction on Tuesday.

The association done a fourth-quarter distinction of 176.5 million Qatar riyals ($48.5 million), down from 203.3 million riyals a year earlier, according to Reuters calculations formed on a financial statements.

QNB Financial Services had foresee Nakilat would make a quarterly distinction of 201 million riyals.

Nakilat posted a 2013 net distinction of 729 million riyals, compared with a distinction of 765.5 million riyals in 2012, it said.

The association blamed a full-year distinction dump on a 25.7 million riyal detriment from a corner venture’s derivative instrument; it pronounced a detriment was for accounting functions and “does not impact a economics of a derivative exchange nor a money flows or liquidity of a company”. It done a derivatives benefit of 19.5 million riyals in 2012.

Nakilat due an 11 per cent money dividend.


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