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Nakilat Achieves 7% Increased Profits for H1 2019

Logistic News - Published on Fri, 12 Jul 2019

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Nakilat announced its financial results for the H1 of the year ended 30 June 2019, with the company achieving a net profit of QAR 476 million compared to QAR 445 million during the same period in 2018, an increase of 7%. Nakilat’s strong financial performance is driven by long-term strategic plans towards achieving the company’s goals, championed by the Board of Directors. The acquisition of two additional Liquefied Natural Gas carriers and one Floating Storage Regasification Unit in 2018 is among the main attributes to the positive financial results, as well as the increased volume of projects at Nakilat’s Erhama Bin Jaber Al Jalahma Shipyard facility which recently commemorated its 200th LNG carrier repair.

Nakilat continues to expand its international portfolio through the acquisition of four additional LNG carriers earlier this year. With the 4 new vessels that will be managed and marketed by Nakilat, this not only affirms our global leadership in energy transportation but also bears testament to our vessel management and marketing capabilities as the world’s largest LNG fleet. Nakilat’s steady growth highlights our robust financial performance and strategic planning, which comes as part of our efforts to maximize returns for our shareholders.

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Posted By : Mohan Sharma on Fri, 12 Jul 2019
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