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Thursday, November 26 - 2009
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WOQOD's net profit to QR407m with an increase of QR56m

Mr. Mohamed Turki Al-Subai Vice Chairman and Managing Director of Qatar Fuel (WOQOD) announced that WOQOD has achieved excellent progress during this period, despite current global and international crises the company secured a net profit of QR407m in the first half of the fiscal year 2009 with an increase of QR56m, or 16% as compared to the same period of 2008.

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Earning per share (EPS) amounted to QR12.95 per share, as compared to QR11.71 for the same period of 2008.

Total assets increased to QR4.2bn compared to QR3.5bn for the same period of 2008 with an increase percentage of 20%, while shareholders equity increased to QR2.5bn, compared to QR1.6bn for the same period of 2008 with an increase percentage of 56%.

The Vice-Chairman and Managing Director emphasized WOQOD Commitment of continuous achievement and progress and full compliance with transparency and disclosure principles.




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Notes and media contacts

For more information, please contact:
Rania Majzoub
FP7 Doha
4th Floor - Pearl Tower
Al Sadd Street
P.O. Box 13645, Doha, Qatar
Tel : +974 4364385
Fax : +974 4364387

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