Qatar's Nakilat Q1 Profit Rises 17 Pct

 

Qatar Gas Transport Co (Nakilat), the Middle East's largest shipper of liquefied natural gas, reported a 16.6 percent rise in first-quarter profit on Sunday.

The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31, up from 177 million riyals in the year-earlier period, according to a statement to Doha's bourse.

QNB Financial Services had forecast Nakilat would make a quarterly profit of 205.6 million riyals.

(Reporting by Matt Smith; editing by Olzhas Auyezov)

($1 = 3.6407 Qatar Riyals)