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FINANCIAL NEWS
Qatar’s WOQOD posts USD315.8m profit for 2012
25 Feb 2013
(MENAFN) Qatar Fuel (WOQOD) Vice-Chairman and Managing Director, Mohamed Turki Al-Sobai, announced that for 2012, the company’s net profit dipped by 0.02 percent to USD315.8 million, from USD325 million in 2011, reported Qatar News Agency.
Al-Sobai said that at the end of the year, total assets stood at USD2.196 billion, with an increase of 15.7 percent from a year earlier.
Meanwhile, total equity jumped by 14.3 percent, reaching USD1.51 billion in 2012.
It is worth noting that the company, which issued 25-percent bonus shares in 2011, recommended to give out cash dividends USD142,726 according to a rate of 100 percent of the value of the paid-up nominal capital, that’s USD2.7 per share, in addition to 25 percent bonus shares.
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