|
Qatar Fuel (Woqod) Net Profit Rose to QR825
Million in Q3 2018
October 28, 2018
Qatar Fuel (Woqod) net profit amounted to
QR825 million, compared to QR643 million for the same period
last year, while Woqod’s earnings per share amounted to QR8.30,
versus QR6.47 for the corresponding period of 2017.
The Group’s Comments:
Woqod revenues rose by 35.2% to QR16.97
billion in the nine months period ended 30/09/2018, due to
higher fuel prices, while the company’s costs increased by 37.5%
to QR16.03 billion. As a result, the total profit rose by 5.9%
to QR945.8 million, while expenses fell 5.6% to QR304.3 million.
After adding other revenues of QR245.4 million, the net profit
increased by 28.3% to QR825.5 million and the comprehensive
income climbed to QR883.4 million.
|