Arab Today, arab today woqod net profit amounted to qr1132m for the financial year 2014
Last Updated : GMT 09:06:14
Arab Today, arab today
Arab Today, arab today

WOQOD net profit amounted to QR1132m for the financial year 2014

Arab Today, arab today

Arab Today, arab today WOQOD net profit amounted to QR1132m for the financial year 2014

WOQOD
Doha - QNA

WOQOD’s Board of Directors duly chaired by HE Sheikh Saoud Ben Abdulrahaman Al Thani, the Chairman of the Board of Directors held its meeting on the evening of Monday, at WOQOD Tower - Al-Dafna, to discuss the financial results achieved during the period ended 31 December 2014.
The Board approved the results and recommended to the General Assembly to include in its agenda for the meeting on the 15 March 2015 to distribute cash dividends of QR 760 million according to a rate of 90% of the value of the paid-up nominal capital , i.e, QR 9 per share.
Announcing WOQOD’s financial results Chief Executive Officer, Eng. Ibrahim Jaham Al Kuwari said that the Board of Directors reviewed and approved the financial results achieved during this period. The Board also examined current and future projects and other related issues and gave his directives.
Net profit (after excluding minority interest) amounted to QR 1132 million, increased by 1% as compared to QR 1122 million for the same period of 2013.
Despite increasing capital base through issuing 30% bonus shares in 2013, earning per share (EPS) amounted to QR13.41 as compared to QR 13.30 for last year.
While total assets reached QR 10.55 billion increased by 10.56% from last figures, total shareholder’s equity recorded an increase rate of 8% to reach QR6.76 billion for that period.
Eng. Al Kuwari added that WOQOD is currently involved in implementation of more than 39 projects under construction, tendering, designing and approval stages, and 16 projects in design and approval stages. These projects include new petrol stations, expansions, Fahes centers, Sidra C-Stores and Bitumen facilities and could be could be summarized as follows: 1) Petrol Stations: a- Projects Under Construction: Thirteen petrol stations: Al-Wakra, Al-Wajba, Al-Jumailia, Lusail , Al-Thakeera, Liktaifia, Al-Musahabia, Al-Shamal North, Al-Rayyan New, Sodanatheel, Fleeha, Ben Dirham, and Hamad International Airport are currently under construction, in addition to the Saudi Arabia project. Some of these projects are expected to be opened by the end of 2015 or the beginning of 2016.
b- Projects in Design Stages: Seven petrol stations are in design stages in the areas of : New Mesaimeer, Educational City North, Educational City Bani Hajer, Smeisma, Al-Refaa Street, Al-Thomama and Um Karn. Completion of these projects is expected during 2015 or beginning of 2016.
c- Projects in the stage of land allocation: Twenty-Five locations are currently under review with the Ministry of Municipality for WOQOD’s future projects. These projects will cover new areas such as the South Motorway and Doha express road.
2) Expansion Projects: Ten expansion projects for existing petrol stations are currently taking place at: Ein Khalid, Muaither, Al-Thaayen, Bu Fasila, Al-Sailia, West-Bay, Mesaimeer East, Wadi Al-Banat, and Al-Gharrafa. Completion is expected by the end of 2015.
3) C-Stores (Sidra): Four new projects for establishing C-Store at Hamad Hospital, Aamal Tower, Barwa City and Barwa Commercial are in design and approval stages. They are expected to be completed during the end of 2015.
 4) Vehicle Inspection Centers (FAHES): Wadi Al-Banat Inspection Centre (Fahes) was inaugurated in December 2014 and Al-Mamoura Fahes will be commissioned in January 2015. Four new centers at : Al Shehaniah, North City and Al-Khoor and Al-Wakra are currently in design stages. They are expected to be commissioned in 2015 or early 2016.
5) Marketing Activities: These activities include sales of Sidra C-Stores, car wash (manual and automatic), workshops tires and repair, lubricant change and other services. The total volume of sales for all these activities has averaged at a growth rate of 17% for the period.
6) LPG and Other Products: LPG sales grew by5 % and the number of cylinders refilled and sold reached 5.1 million units for metal, 1.4 million units for Shafaf 12kg and 39 thousand for 6kg.
Concerning the Compressed Natural Gas (CNG), WOQOD is planning to develop this sector under the leadership of Qatar Petroleum and to establish extra 7 stations by 2017.
For Bitumen sales, WOQOD signed an MOU with Ashghal Public Authority to supply Bitumen 60/70 and modified (Polymer) to its contractors. WOQOD will build additional storage tanks to increase its capacity to 3000 MT, and already purchased a new ship for this purpose. This will result in a dramatic increase in the sales of Bitumen in the coming period.
7) Petroleum Products: During this period, total volume sales of petroleum products (Diesel, Gasoline and Jet Fuel) reached 7,256 million liters with an increase of 12.7% compared to last year. WOQOD also provides diesel tank lease and diesel transport vehicles (with/without driver) services to both business and individuals.
Finally, Eng. Al Kuwari extended his gratitude and regards to HE the Chairman of the Board and the members, and to our valuable shareholders for their full support, trust, and wise guidance, emphasizing the financial strength of the Company, dedication and commitment of the management team and employees to work hard to achieve the Company’s objectives.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today woqod net profit amounted to qr1132m for the financial year 2014 Arab Today, arab today woqod net profit amounted to qr1132m for the financial year 2014

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday