Woqod Net Profit Up 9.1% to QR964 Million; Board Recommends Dividends of
QR8 per Share
March 1, 2018
Qatar Fuel (Woqod) net profit
amounted to about QR964 million in 2017, compared to QR883
million for the same period last year. The company’s earnings
per share recorded QR9.7 versus QR8.9 in 2016, while the Board
of Directors recommended a distributing QR8 per share in cash
dividends.
The Group’s Comments:
Woqod’s gross profit generated
from sales decreased by 6.6% to QR1,078.7 million in 2017. Other
income increased by 29.4% to QR395.9 million, while all expenses
decreased by 22% to QR378.6 million. As a result, the net profit
increased by 9.2% to QR964.1 million, but the comprehensive
income decreased to QR710.5 million.
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