Lower Expenses Boost Profitability of Qatar Gas Transport Company (Nakilat) in 2024
Nakilat Reports 5.1% Growth in 2024 Net Profit, Reaching QAR 1.64 Billion
Financial data for Qatar Gas Transport Company "Nakilat" showed a 5.1% growth in net profit for the year 2024, reaching approximately QAR 1.64 billion. This growth was supported by a 7% decrease in expenses, which amounted to around QAR 2.9 billion.
The Board of Directors recommended a 7% dividend of the nominal share value for the second half of 2024, bringing the total annual dividend to 14% of the company’s capital, amounting to QAR 775.6 million.
Source: CNBC Network
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2025-02-02