FINANCIAL NEWS

Qatar’s Woqod revenue reaches QR850mn in Q3

30 Oct 2016

(MENAFN) Qatar Fuel (Woqod) proclaimed that it has recorded a net profit of QR850mn in the third quarter of this year.

However, revenue of the firm declined by 11 percent amid the cited period this year compared to QR960mn in the same period of 2015.

Accordingly, the decline in net profit was due to cancellation of different diesel sales price categories.

Meanwhile, earnings per share for the firm amounted to QR8.52 as compared to QR9.70 for the cited quarter of 2015.

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