Nakilat has reported a 16.7% year-on-year increase in net profit to QR1.35bn in 2021 and has recommended a cash dividend of QR0.12 a share.
Although the Covid-19 pandemic continued to create very challenging and volatile conditions across the global shipping as well as maritime industry, Nakilat, with its solid business continuity and long-term strategies in place, delivered excellence on both operational and financial fronts.
Nakilat’s resilient business model has allowed it to generate sustainable returns for its long-term shareholders. Revenues were up 3.1% year-on-year to QR4.14bn in 2021.
“Despite the unique challenges faced by the company, we continued to build on our operational response to the pandemic, enabling us to adapt swiftly and ensure business continuity to create value for our shareholders and customers," said Dr Mohamed bin Saleh al-Sada, Nakilat chairman.
The accomplishments bear strong testament to Nakilat’s commitment towards maintaining leadership in the energy transportation sector, while simultaneously supporting Qatar’s position as a leading exporter of clean energy worldwide.
"Looking ahead, Nakilat’s board of directors remains committed to upholding and implementing the highest standards of corporate governance as well as robust risk management, business continuity preparedness, and various internal measures throughout the organisation towards supporting sustainable business growth, uphold our employees’ well-being and reinforcing investors’ confidence in the company,” he said.
Abdullah al-Sulaiti, Nakilat chief executive, said its excellent financial performance in 2021 is the direct result of its commitment to deliver value to the stakeholders and customers.
"The company persevered and has managed to sustain its growth momentum while continuing to create value for our shareholders, thanks to the valuable efforts and contributions of our employees and seafarers," he said.
Nakilat’s resilient business model has allowed it to generate sustainable returns for its long-term shareholders. Revenues were up 3.1% year-on-year to QR4.14bn in 2021.
“Despite the unique challenges faced by the company, we continued to build on our operational response to the pandemic, enabling us to adapt swiftly and ensure business continuity to create value for our shareholders and customers," said Dr Mohamed bin Saleh al-Sada, Nakilat chairman.
The accomplishments bear strong testament to Nakilat’s commitment towards maintaining leadership in the energy transportation sector, while simultaneously supporting Qatar’s position as a leading exporter of clean energy worldwide.
"Looking ahead, Nakilat’s board of directors remains committed to upholding and implementing the highest standards of corporate governance as well as robust risk management, business continuity preparedness, and various internal measures throughout the organisation towards supporting sustainable business growth, uphold our employees’ well-being and reinforcing investors’ confidence in the company,” he said.
Abdullah al-Sulaiti, Nakilat chief executive, said its excellent financial performance in 2021 is the direct result of its commitment to deliver value to the stakeholders and customers.
"The company persevered and has managed to sustain its growth momentum while continuing to create value for our shareholders, thanks to the valuable efforts and contributions of our employees and seafarers," he said.