Nakilat Reports USD$118 Million Net Profit for Q1 2025
Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the first quarter of 2025, ending March 31. The Company achieved a net profit of QAR 433 million, marking a 3.2% increase from USD$115 million (QAR 420 million) recorded in the same period of 2024. Key Financial Highlights for Q1 2025:Net Profit: USD$118 million (QAR 433 million), up 3.2% year-on-year.Incurred total expenses of USD$184 million (QAR 673 million), reflecting a decrease of 5.7%.This sustained growth is attributed to Nakilat’s strategic fleet expansion…
Exail: Order Intake Surges More Than 500%
French high-tech industrial group Exail Technologies on Wednesday reported a 519% rise in its order intake in the first quarter of the year, driven by higher defence spending by European governments.The maker of underwater drones and navigation equipment said its order intake for the first quarter totalled 487 million euros ($554.30 million), boosted by a new contract for drone systems worth several hundred million euros.The company did not give further details on the deal, announced in February, when it said it was placed by a "leading Navy".Exail is the latest small defence tech supplier propelled by prospects of a military ramp-up in Europe as the region increases its defence budgets…
Wasaline: Strong First Quarter
Wasaline reports a strong first quarter for 2025. Revenue increased by 7.5%, setting a new record for the first quarter of the year. Both passenger traffic for cars and buses reached record levels. The freight business also showed a strong quarter, with a 10% increase. Despite March 2024 being an exceptionally strong month, cargo increased in both the number of units and in tonnage during the first quarter of the year.Energy consumption decreased by a total of 19.5%, even though the number of trips increased by 2.8%. Pertrip, energy consumption dropped by 21.7%, and carbon dioxide emissions were reduced by 23.2% fromalready low levels.
