Woqod Net Profit Up 9.1% to QR964 million; Board Recommends QR8 per share in Dividends

February 28, 2018

Qatar Fuel Company (Woqod) disclosed its financial statements for the period ended on 31 December 2017, with a net profit of QR964 million, an increase of 9.1% compared to QR883 million for the same period last year.

The company’s earnings per share amounted to QR9.7 for the fiscal year ended on 31 December 2017 compared to QR8.9 for the same period last year.

In addition to that, the Board of Directors proposed the distribution of QR8 in cash dividends.