Qatar Gas Transport Company, also known as Nakilat, reported a 3% decline in net profit for the 2016 fiscal year. It also lowered its dividend about 19% from the year-earlier level.
In a disclosue to the Qatar Stock Exchange, Nakilat reported full-year net profit of 954.2m Qatari riyals ($262m) compared to full-year 2015 net income of 982.3m riyals. Earnings per share for the year were 1.72 riyals compared to 2015 earnings per share of 1.77 riyals.
It did not disclose revenue or other financial data.
Nakilat said it will pay out cash dividends of 1 riyal per share for 2016. In 2015, it paid out approximately 1.24 riyals per share.
