Doha – Mubasher: Qatar Gas Transport Ltd (Nakilat) on Monday posted a 20% year-on-year drop in profits of the third quarter of 2017.

The Qatari company achieved profits of QAR 198.06 million ($52.54 million) in Q3-17, versus QAR 247.47 million ($65.64 million) in Q3-16, according to a filing to the Qatar Stock Exchange (QSE).

In the first nine months ended September 2017, net profit fell 18.9% to QAR 606.36 million, compared to QAR 747.77 million in the prior-year period.

Earnings per Share (EPS) amounted to QAR 1.09 in the nine-month period of 2017 from QAR 1.35 in the year-ago period.

Nakilat’s net profit retreated 18.4% to QAR 408.3 million in the first half of 2017, versus QAR 500.3 million in H1-16.