Nakilat reports flat Q1 earnings
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Nakilat reports flat Q1 earnings

Nakilat reports flat Q1 earnings

Qatar Gas Transport Co (Nakilat) has reported a net profit of QR177.2m ($48.7m) for the first-quarter of this year, compared with QR176.6m in the same period last year, as a derivatives loss made a dent in company earnings, Reuters has reported. Nakilat said it made a loss on derivatives at an overseas joint venture of QR11.8m in the quarter due to the way the instruments were treated in its accounts. The move had no impact on the cash flows or liquidity of the firm, it added.

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