WOQOD registers 71 percent increase in net profit for this year

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Qatar Fuel Company (WOQOD) announces its profits for first half of this year; its net profit for this year amounted to QR461 million, compared to QR270 million in the same period of 2020, with an increase of QR191 million, representing 71 percent increase
Team 24x7Qatar

Qatar Fuel Company (WOQOD) announced that its net profit for this year (excluding minority rights) amounted to QR461 million, compared to an amount of QR270 million achieved in the same period of the year 2020, with an increase of QR191 million, representing an increase rate of 71 percent, the official news agency QNA announced.

The earning per share for the period amounted to QR0.46 per share compared to QR0.27 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.

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