Nakilat makes strong start to 2022 with 20% jump in profit

Nakilat, the world’s largest LNG fleet operator, has seen its first quarter net profit jump almost 20% compared to a year ago.

The Qatari LNG shipping giant posted net income of QAR 382m ($105m) for the three months ended 31 March 2022 versus the QAR 320.1m seen 12 months earlier.

The Doha-based shipowner said the increase was driven by higher revenues and savings in finance charges.