Doha, July 11, 2007:
WOQOD has posted a H1 net profit of QR 258.4mn, up 34% on the same period last year.
The DSM-listed sole fuel distributor in Qatar had registered a net profit of QR 192.1mn in H1, 2006.
Announcing the results here yesterday, WOQOD Vice-Chairman and Managing Director, Mohamed Turki Al-Sobai said the “remarkable progress in the first half was reflected in its earnings per share (EPS) as well.”
The basic EPS has gone up to QR 8.6 in H1, 2007 from QR 6.4 in the same period last year.
The results were announced after a meeting of the Company’s Board of Directors presided over by HE the Deputy Premier, Abdullah bin Hamad Al-Attiyah, who is also WOQOD Chairman, here yesterday.
Listed on the DSM in 2002, WOQOD is responsible for the distribution of all fuels within Qatar. This includes diesel, gasoline and aviation fuel through a fleet of more than 150 road tankers.
The Company trades in ship-to-ship bunkering, bitumen importation and distribution, lubricants and modern service stations.
WOQOD also distributes all liquid petroleum gas products in Qatar.
WOQOD’s stocks fell 0.92% to close at QR 140.5 on the DSM yesterday.
Gulf Times – Finance & Business