{"id":74206,"date":"2023-10-17T00:00:00","date_gmt":"2023-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/17\/nakilats-bottomline-up-4-8-y-o-y-in-3q-2023-on-the-back-of-solid-performance-from-lng-and-lpg-jvs\/"},"modified":"2023-10-17T00:00:00","modified_gmt":"2023-10-17T00:00:00","slug":"nakilats-bottomline-up-4-8-y-o-y-in-3q-2023-on-the-back-of-solid-performance-from-lng-and-lpg-jvs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/17\/nakilats-bottomline-up-4-8-y-o-y-in-3q-2023-on-the-back-of-solid-performance-from-lng-and-lpg-jvs\/","title":{"rendered":"Nakilat\u2019s bottomline up 4.8% y-o-y in 3Q 2023 on the back of solid performance from LNG and LPG JVs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Doha-<\/strong><strong>based LNG carrier Nakilat<\/strong><strong>\u2019s net income rose 4.8% y-o-y to QAR 1.19 bn (USD 327 mn) bottomline <\/strong><strong>in 3Q 2023, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/www.nakilat.com\/nakilat-reports-qar-1190-million-net-profit-for-the-third-quarter-of-2023\/\" style=\"\" rel=\"noopener\">earnings release<\/a>. The company\u2019s topline for 3Q 2023 rose 6.5% y-o-y to top QAR 3.47 bn, driven by robust earnings from LNG, LPG, and shipyard joint ventures, in addition to greater portfolio earnings due to higher interest rates on term deposits, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/789.pdf\" style=\"\" rel=\"noopener\">investor presentation (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Higher finance charges offset some of the gains in revenue:<\/strong> Nakilat\u2019s total expenses for the quarter grew 7.4% when compared to the same period last year. Finance charges saw greater increase than any other expense category at 10.3% y-o-y, due to higher interest rates and scheduled repayments of loans, the investor presentation showed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> \u201cAs the global demand for clean energy shipping capacities continues to rise, Nakilat remains fully committed to meeting the long-term requirements for secure and reliable energy transportation solutions, through remaining agile and proactive in addressing emerging challenges and [prospects] worldwide,\u201d Nakilat CEO Abdullah Al Sulaiti said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s revenues also rose 6.5% y-o-y on the back of robust earnings from LNG, LPG and shipyard JVs<\/p>\n","protected":false},"author":1,"featured_media":74207,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[174,17,153,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterprise-logistics","tag-qatar","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"45285e47-e21e-4291-a20e-d5563a2885f2","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/785.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nakilat\u2019s bottomline up 4.8% y-o-y in 3Q 2023 on the back of solid performance from LNG and LPG JVs","related_issue":[74198],"teaser":"The company\u2019s revenues also rose 6.5% y-o-y on the back of robust earnings from LNG, LPG and shipyard JVs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.848073c4-6c52-4211-9cf0-0df1d02512b9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nakilat\u2019s bottomline up 4.8% y-o-y in 3Q 2023 on the back of solid performance from LNG and LPG JVs - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/10\/17\/nakilats-bottomline-up-4-8-y-o-y-in-3q-2023-on-the-back-of-solid-performance-from-lng-and-lpg-jvs\/\" \/>\n<meta property=\"og:locale\" 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