Nakilat's Profits Rise 8.3% in 2023

Doha, January 28 (QNA) - The net profits of Qatar Gas Transport Company (Nakilat) rose 8.3 percent to reach QR 1.559 billion in 2023 compared to QR 1.439 billion in 2022.
Data issued by the company and published on the Qatar Stock Exchange (QSE) website on Sunday showed that the Earnings per share(EPS) amounted to QR 0.28 as of Dec. 31, 2023, versus Earnings per share(EPS) QR 0.26 for the same period in 2022.
The Board of Directors has proposed a cash dividend of 14 percent of the nominal share value (0.14 Qatari Riyal per share) for the year ended Dec. 31, 2023. The amounts are subject to the approval of the General Assembly.
Commenting on the company’s financial performance, Chairman of the Board of Directors Abdulaziz Jassim Al Muftah said: "This year has brought about significant changes and challenges to the global shipping market, shaped by global events and geopolitical shifts. Despite these challenges, Nakilat has not only navigated through these complexities but has also emerged stronger, showcasing resilience, innovation, and a commitment to excellence. As geopolitical dynamics continue to impact global energy markets, Nakilat remains steadfast in adapting to these changes. We recognize the importance of staying agile in the face of uncertainties and are committed to overcoming challenges by leveraging our expertise and strategic partnerships with a forward-looking approach." Nakilat's financial performance in 2023 reflects its commitment to operational excellence and strategic expansion, as this year the company has not only navigated the challenges faced by the sector, but also achieved sustainable growth, reinforcing its position as a key partner in the field of energy transportation and maritime services. (QNA)