Nakilat achieves QR829m net profit; up by 7 percent for first half of 2024
The Peninsula
Doha: Qatar Gas Transportation Company Q.P.S.C. (Nakilat) and its Group subsidiaries announced their financial results for the first half of the year...
Doha: Qatar Gas Transportation Company Q.P.S.C. (Nakilat) and its Group subsidiaries announced their financial results for the first half of the year ended 30 June 2024, with a net profit of QR829m for the first half of the year ended 30 June 2024, compared to QR775m for the corresponding period in 2023, an increase of 7%. This robust financial performance highlights Nakilat’s resilience and its strategic capabilities in dealing with the dynamic economic landscape.
The Board of Directors is pleased to invite all shareholders to attend the Extraordinary General Assembly meeting scheduled for Wednesday, 28 August 2024, to review the Board’s proposals regarding the distribution of interim cash dividends for the period ending on 30 June, 2024, at a rate of (7%) of the capital, equivalent to 0.07 Qatari Riyal per share, and to approve the amendment of the company’s Articles of Association. The interim dividends will be granted to shareholders who own shares at the end of the trading session on the day of the Extraordinary General Assembly meeting that approves this distribution.
The following highlights the most prominent financial results from the first half of 2024:
• Achieved a net profit of QR829m, reflecting an increase of 7 percent.
• Incurred total expenses of QR1,461m, reflecting a decrease of 4 percent.
