Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 2.8 percent decline in second-quarter net profit on Wednesday, according to Reuters calculations.

The company made a net profit of QR260.3 million ($71.5 million) in the three months ending June 30, Reuters calculated from financial statements in lieu of a quarterly breakdown.

This was down from a profit of QR267.8 million in the same period of the previous year, but higher than the QR227.9 million which QNB Financial Services forecast Nakilat would make in the second quarter.

The decline in profit came despite a 1.6 per cent increase in revenue to QR938.8 million, according to Reuters calculations.

Nakilat recorded a net profit in the first six months of 2016 of QR500.3 million, up from QR490.2 million in the corresponding period of last year, it said in a bourse statement. – Reuters