July 16 (LNGJ) - Qatar Gas Transport Co., the fleet operator for Qatargas, posted a 15.5 percent increase in first-half net profit to 550 million Qatari riyals ($151M), up from the 476M riyals ($131M) recorded in the same six months last year. Additional revenues came from the strategic acquisition of the remaining 49.9 percent stakes in four Q-Flex LNG vessels in October 2019 by QGTC, also known as Nakilat. First-half revenues came to 2.02 billion riyal ($555.2M), an increase of 11.3 percent.
“In these uncertain times, Nakilat remains committed in delivering value for our shareholders as we expand our international reach to meet the growing demand for energy transportation,” said Chief Executive Abdullah Al Sulaiti. “The company’s sustained financial performance bears testament to our ongoing strategy of enhancing efficiency, rationalizing expenditures and reducing operational and administrative costs,” added Al Sulaiti.
