WOQOD Announces its Profits for First Half of this Year

Woqod

Qatar Fuel Company (WOQOD) announced that its net profit for this year (excluding minority rights) amounted to QR 461 million, compared to an amount of QR 270 million achieved in the same period of the year 2020, with an increase of QR 191 million, representing an increase rate of 71 percent.

The earning per share for the period amounted to QR 0.46 per share compared to QR 0.27 for the same period of the last year.

The increase in net profit and earnings per share was due to a noticeable improvement in the performance of most of the Group's activities and sales in conjunction with the signs of recovery from the Coronavirus pandemic, coupled with the increased efforts exerted towards implementing the Group already approved efficiency policy in the Group's business. (QNA)