Doha, August 06, 2009:
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 QR 407 million in the first half of the fiscal year 2009 with an increase of QR 56 million, or 16% as compared to the same period of 2008. Earning per share (EPS) amounted to QR 12.95 per share, as compared to QR 11.71 for the same period of 2008.
Total assets increased to QR 4.2 billion compared to QR 3.5 billion for the same period of 2008 with an increase percentage of 20%, while shareholders equity increased to QR 2.5 billion, compared to QR 1.6 billion 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.