Nakilat's 2018 Profit Up 5%

Qatari state LNG shipowner Nakilat’s net profit for the 12 months to December 31 was Qatari riyal 892mn ($245mn), up 5.3% year-on-year, it said March 19.

The company said it “continued to push boundaries and successfully implemented several long-term growth strategies by strengthening its international presence and diversifying its fleet towards maintaining global leadership in LNG transportation.”

Nakilat said it has continued to pursue its long-term strategic goals through the expansion of its fleet with two additional LNG carriers. Also, the company recently acquired a stake in its first floating storage regasification unit (FSRU). 

Company CEO Abdullah Fadhalah Al Sulaiti said Nakilat’s strong financial performance bears testament to the company’s prudent long-term growth plans that has enabled it to remain resilient despite challenging the business environment.