Woqod's Profit Drops 15.8% to QR 883.1 Million

 

February 16, 2017

 

QATAR FUEL - WOQOD disclosed its financial statements for the period ended on 31.12.2016. The statements shows that the net profit is QR 883,110,228 Compared to net profit  amounting Restated to   QR 1,050,060,646 For the same period of the previous year.

 

Earnings per Share (EPS) / amounted to QR 9.68 For the period ended 31.3.2016 to EPS amounted Restated to QR 11.51  for the same period of the previous year.

 

Approval of the recommendation of the Board to distribute the profits as a cash dividend of 70% of the nominal value of shares (7 Riyals per share), in addition, 9% bonus shares (9 shares for every 100 shares) for the fiscal year ending on 31/12/2016.