Qatar Fuel Announced 2016 Net Profit of QR883.1 Million

Doha, - Qatar Fuel (Woqod) announced Thursday its financial results for 2016, with net income of QR883.1 million.

The figure is 15.9% lower than 2015, when net income was QR1.050 billion. Earnings per Share for 2016 amounted to QR9.68, compared to QR11.51 achieved in 2015. The board recommended a cash dividend of 70%, in addition to 9% bonus shares, nine for every 100 shares owned.

Source: Qatar News Agency