Qatar Gas Transport Company Ltd (Nakilat), its subsidiaries and associates, reported a net profit of QR 1.35 billion ($370 million) in 2021, an increase of 16.7 percent from QR 1.16 billion for the same period in 2020.
The company said in a statement that the profit recorded is its highest since inception, noting that the Earnings per share (EPS) amounted to QR 0.24 as of 31 Dec 2021 versus Earnings per share (EPS) of QR 0.21 for the same period in 2020.
The revenue reached QR 4.1 billion, and increase by 3.1 percent. For this period, the company recommends a cash dividend at QAR 0.12 per share, according to local media reports.
Chairman of Nakilats Board of Directors Dr. Mohammed bin Saleh Al Sada said in a statement: “Despite the unique challenges faced by the company, we continued to build on our operational response to the pandemic, enabling us to adapt swiftly and ensure business continuity to create value for our shareholders and customers.”
Nakilat net profit $370m
- Earnings per share (EPS) amounted to QR 0.24 as of 31 Dec 2021 versus Earnings per share (EPS) of QR 0.21 for the same period in 2020.
- For this period, the company's Board recommends a cash dividend at QAR 0.12 per share.