Doha – Mubasher: The financial results of Qatar Fuel (Woqod) showed a 33.1% decline in the company’s profit in the fourth quarter of the fiscal year 2015.
Net profit decreased in Q4-15 to QAR 368.32 million from QAR 276.73 million in the same period of 2014, according to a bourse filing released on Tuesday.
Woqod’s profit grew last year by 10.6% to QAR 1.253 billion, versus QAR 1.132 billion a year earlier.
Earnings per share reached QAR 14.84 in 2015, compared to QAR 13.41 in 2014.
The Qatar-listed company’s board of directors recommended cash dividends at 82% of the paid-up capital, equivalent to QAR 8.2 per share, totalling QAR 692.57 million, and bonus shares at 8% or 8–for-100.
