Doha-Mubasher: Qatar Gas Transport’s (Nakilat) profits declined in the second quarter of the fiscal year 2016 by 2.97% to QAR 260.3 million ($71.6 million), versus QAR 268.2 million ($73.8 million) in Q2-15.
However, net profit increased in the first half of fiscal 2016 by 2.04% to QAR 500.3 million ($137.5 million), versus QAR 490.2 million ($134.7 million) in the same period of 2015, according to a bourse filing released on Wednesday.
Earnings per share (EPS) reached QAR 0.90 in H1-15, compared to EPS of QAR 0.89 for H1-15.
The company attributed the rise in H1 earnings to the growth in its operating activities in transporting liquefied natural gas (LNG), and better performance of its liquefied petroleum gas (LPG) vessels.
Nakilat earlier posted a rise of 8.1% in Q1-16 profit to QAR 240 million.
The stock ended today’s session rising 1.02% to QAR 23.69 through 137 transactions worth QAR 4.35 million.
