Doha – Mubasher: Qatar Gas Transport Company (Nakilat) said Tuesday that its profits for the fourth quarter of fiscal year 2016 decreased by 8.7% to QAR 206.38 million ($56.63 million), versus QAR 226 million ($62.02 million) for Q4-15.

Net profit for FY16 reached QAR 954.18 million, 2.9% down from QAR 982.3 million for FY15, according to a bourse filing.

Earnings per share amounted to QAR 1.72 for FY16, compared to QAR 1.77 for FY15.

The company’s board recommended the distribution of cash dividends at 10% of the stock’s nominal value or QAR 1 per share.