Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit rose by 7.9% percent in the first quarter as compared to the same period last year.
Nakilat posted a net profit of 240 million riyals (US$66m) for the first quarter, compared to 222 million riyals in 2015.
The increase in the company’s profits reflects the “strong growth of Nakilat’s operating activities in transporting LNG, and better performance of its LPG vessels,” Nakilat said on Tuesday.
Nakilat’s total revenue of 906 million riyals rose by 3.7% as compared to the same period a year before.
1 Qatar riyal = 0.274616 U.S. dollars