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FINANCIAL NEWS
Woqod recorded a net profit of USD253.3 million in Q3 2013
10 Oct 2013
(MENAFN) During its third quarter of 2013, Qatar Fuel (woqod) posted a net profit of USD253.3 million, which reflects an increase of USD12.9 million or up 5.4 percent compared to the same period last year, The Peninsula Qatar reported.
The figure was announced after the board directing meeting chaired by H E Abdullah bin Hamad, the chairman.
Woqod Vice-Chairman and Meeting Director said, as a result of increasing capital base through issuing 25 percent bonus shares in 2012, earning per share amounted to USD14.2 million as compared to USD4.6 million for the last year.
However, the total assets registered a USD2.5 billion, up by 15.9 percent from the last results.
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