Nakilat has posted a first quarter net profit of QR320.1mn, up 14.5% on the same period last year. In the first quarter of 2020, Nakilat had registered a net profit of QR279.5mn.
Nakilat remained committed in achieving its vision and continued to deliver robust financial performance and sustained operational excellence, despite the challenges brought about by the Covid-19 pandemic.
The company maintained its excellent track record of delivering clean energy to worldwide destinations without any interruptions, upholding its commitment to provide safe, reliable, and efficient shipping and maritime services. Additionally, the Nakilat group continues to strengthen its value proposition, with the ship repair, offshore fabrication, towage and other maritime services remaining full operational and contributing towards the company’s vision to be a global leader and provider of choice for energy transportation and maritime services, as well as Qatar’s 2030 vision.
With “solid business continuity plans and robust infrastructures” in place, Nakilat said it has been able to “swiftly adapt” to the evolving situation and remain focused on creating value for its shareholders and customers.
Nakilat’s Board of Directors commended the company’s continued excellence in health, safety and environmental management, which was recently recognised and awarded the ‘Sword of Honour’ by the British Safety Council for the third consecutive year. The ‘Sword of Honour’ is a prestigious international award for organisations that have reached the pinnacle of excellence in managing the company’s health, safety and environmental risks.
In addition, the company was recently certified for ISO 22301:2019 (Business Continuity Management Systems), demonstrating its proactive approach in ensuring the maturity of its business continuity management systems across all operations.
Nakilat’s Board of Directors expressed their appreciation to all relevant authorities, including Qatar Petroleum for its ongoing support of Nakilat’s activities, QP Industrial Cities for its co-operation with the Erhama Bin Jaber Al Jalahma Shipyard, and its strategic partner Qatargas, in playing a significant role to ensure our robust financial performance.
In line with Nakilat’s “commitment” on providing the “best practices” in investor relations and its strategy to engage shareholders and investors, the company will hold an investor relations conference call today (at 1-30pm local time) to discuss the company’s financial results for the first quarter.