Doha, Qatar – 17 October 2021: Nakilat announced its financial results for the third quarter ended September 30, 2021, reporting a net profit of QR 1,003.6 million. This is a 11.5% year on year increase compared to the net profit of QR 900 million reported during the same period in 2020.
Nakilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a joint development project (JDP) to elevate software reliability and maintenance during operations. The JDP, which was initiated in 2020 by Nakilat, has resulted in the launch of a new DNV Recommended Practice (DNV-RP-0582), published in June 2021.
Nakilat announced its financial results for the first half of the year ended 30 June 2021, with the company achieving a net profit of QR 636 million compared to QR 550 million during the same period in 2020, an increase of 15.6%.
Nakilat announced its financial results for the first quarter ended March 31, 2021 with a net profit of QR 320.1 million compared to QR 279.5 million during the same period in 2020, with an increase of 14.5%.
Nakilat has been awarded the ‘Sword of Honour’ by British Safety Council for the third consecutive year, a prestigious award for organisations that have reached the pinnacle of excellence in managing the company’s health, safety and environmental risks.
Nakilat held its Annual General Meeting (AGM) today, chaired by His Excellency Dr. Mohammed bin Saleh Al Sada, the Chairman of Nakilat’s Board of Directors. During the AGM held electronically using Zoom application platform, the Group reported a consolidated net profit of QR 1,161 million in 2020, an increase of 15.7%. All items on the agenda were also ratified during the AGM.
Qatar Gas Transport Company Ltd (NAKILAT) Q.P.S.C., its subsidiaries and associates (“Group”) today announced its financial results for the year ended 31 December 2020. The Group reported a consolidated net profit of QR 1,161 million in 2020, an increase of 15.7%, as compared to QAR 1,003 million for the same period in 2019. For this period, the Board recommends a cash dividend at QAR 0.11 per share.
Nakilat has taken delivery of a newbuild LNG carrier, “Global Star”, which will be commercially and technically managed in-house by Nakilat. Built by Daewoo Shipbuilding & Marine Engineering (DSME), this is the second out of the four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Maran Ventures Inc. (Maran Ventures) (40%).
Nakilat has assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate Technical Management (ETM) with effect from 17 December 2020.
Nakilat has completed the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited (Shell), with a total of seven LNG carriers transitioned to its in-house technical and operational management.