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FINANCIAL NEWS
Qatar Fuel records 31pct fall in H1 profits
12 Aug 2017
(MENAFN) Qatar Wood has recorded a net profit of USD100mn for the Jan-June period of this year compared to QR540mn in the same period of last year, with a fall of QR167mn.
Accordingly, the main reasons for the fall in earnings are attributed to the change in the new terms for fuel supplies to Woqod and its customers.
In addition, four stations were opened in the cited period of the year, eight stations under building and 14 under tendering and designing stage.
The firm is recently coordinating with the Municipality for the collection of 26 locations for petrol stations construction.
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MENAFN1208201700450000ID1095722555
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