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WOQOD Achieves A Net Profit Amounting to QR. 229.3 million

Qatar fuel ''WOQOD''

Qatar fuel ”WOQOD”

WOQOD’s Chief Executive Officer (CEO), Eng. Ibrahim Jaham Al-Kuwari has announced th financial results which achieved a net profit (after excluding minority interest) amounting to QR. 229.3 million, compared to QR. 204.1 million for the same period of the year 2013 (Restated) with an increase amounting to QR. 25 million representing a percentage rate of 12.3%.
WOQOD’s Board of Directors held its meeting Tuesday evening and discussed the financial results achieved during the period ended on 31st March 2014, which was postponed in the previous meeting that was held on 21st April 2014, the company said in a press release issued here today.
Announcing WOQOD’s financial results, Chief Executive Officer (CEO), Eng. Ibrahim Jaham Al-Kuwari said that the Board of Directors approved the financial results achieved during this period.
Earnings per share (EPS) for the period amounted to QR. 3 as compared to QR. 2.4 for the same period last year. The total assets reached QR 9.1 billion compared to 9.5 billion for the same period of the year 2013 (Restated).
Eng. Al-Kuwari added that the board has discussed various issues and gave its directives.

Source : Qatar News Agency

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