Mubasher: Qatar Gas Transport (Nakilat) has posted a profit growth of 13.3% year-on-year for the first quarter of 2018.

Profits amounted to QAR 216.7 million in Q1-18, compared to QAR 191.4 million in the year-ago period, according to the company’s statement to the Qatar Stock Exchange (QSE) issued late Tuesday.

Earnings per share increased to QAR 0.39 for the period ended 31 March 2018, versus QAR 0.34 for the same period of the previous year.

Moreover, the Qatari-listed shipping company's revenues rose 1.5% to QAR 890.3 million for the first three months of 2018, versus QAR 877.5 million for the same period the year before.

For the full-year 2017, Nakilat’s profits levelled down 11.3% to QAR 846.29 million, from QAR 954.18 million across 2016.

By 11:21 am Qatar time, Nakilat’s stock increased 1.94% at QAR 14.75.