Woqod Reports QR 1.2 Billion in Net Profit

Doha, February 27 (QNA) - Qatar Fuel Company (woqod) has disclosed the financial statements for the year ended December 31, 2011. The financials revealed a net profit of QR 1.2 billion in 2011 versus QR 1.1 billion in 2010, the company said in statement published on (Qatar Exchange) website. The company's earnings per share (EPS) in 2011 amounted to QR 27.77 versus QR 25.83 in 2010. Qatar Fuel (woqod) was formed in 2002 as a joint stock company listed on the Qatar Exchange. The company was formed from the fuels storage and distribution assets owned at that time by Qatar Petroleum under the name of NODCO (National Oil Distribution Company). (QNA)