Nakilat nine-month profit jumps 9% to QR659mn:
Nakilat has reported about 9% year-on-year increase in net profit to QR659mn during January-September this year. The company’s stronger performance is a result of its successful expansion, which is attributed to the strategic long-term plan to diversify and seek business opportunities with minimal risk, as well as effective cost optimisation across its integrated operations, its spokesman said.
This has been achieved through the acquisition of two additional jointly-owned liquefied natural gas (LNG) carriers and a major stake in the first floating storage regasification unit.
The expansion of Nakilat’s fleet opens a new horizon and business avenue for the company to sustain its long-term growth and development strategies, which in turn will further maximise value and returns for its shareholders.
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