Woqod Net Profit Rises by 35% to QR503 Million in 1st Half of 2018

July 31, 2018

Qatar Fuel’s (Woqod) net profit amounted to QR503 million, compared to QR373 million for the same period last year, while its earnings per share reached QR5.06 in the first half of 2018, versus QR3.75 for the corresponding period of 2017.

The Group’s Comments:

Woqod’s total profit from activity in the first half of 2018 increased by 7.8% QR566.9 million, while other revenues climbed by 45.9% to QR192.4 million. In contrast, expenditures increased by 2% to QR192.4 million. Net profit increased by 34.9% to QR503.2 million, and there was a limited decline in the comprehensive income QR495.3 million.