Published On: Sun, Nov 16th, 2014

Oula Fuel Co. posts KD 2.8 mln profit for 9 months

Oula Fuel Co. posts KD 2.8 mln profit for 9 months

Oula Fuel Co. posts KD 2.8 mln profit for 9 months

Oula Fuel Marketing Company on Sunday announced a net profit of KD 2.8 million in the first nine months of this year, indicating the earnings per share reached 7.7 fils, compared with 10.9 fils in the same period of 2013.
In its statement published on the website of Kuwait Stock Exchange, the company said that shareholders’ equity totaled KD 55.3 million from January to September 2014, compared with KD 51.2 million in the same period of 2013.
The company’s total assets amounted to KD 78.4 million, the statement added, noting the liabilities reached KD 23 million in the first nine months of 2014, compared with KD 9.9 in the same months of 2013.
Established in 2004 and enlisted in KSE in 2006 with a paid-up capital of KD 38 million, Oula is creating a network of international-standard, environmentally-friendly service stations throughout Kuwait.

Source : KUNA Kuwait News agency

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