Like it’s still 2008 – one owner reports 147% rise in interim profit

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Doha: Qatar Gas Transport Company (Nakilat) posted a 147% rise in net profit of for the half of the year to US$64 million compared with US$26 million in the same period a year earlier.
Nakilat's share of profit from its JV rose by over 99% to reach US$22 million in the first 6 months of 2009 against US$11.04 million in the H1 of 2008.
The LNG shipper attributed the increase in profit to the its wholly owned vessels however, income from marine and agency services dropped by 8% to US$ 3.9 million in the first 6 months of 2009 from a year earlier due to lower activities at Ras Laffan Port during the H1 of 2009.
The company said that profit from Islamic banks dropped by nearly 9% to US$10.59 million in the H1 of the year from US$11.67 million in the same period a year ago. [10/08/09]