Article: Woqod Q1 '09 net profit up to USD 70.8m.(Financial report)

(ADP News) - Apr 17, 2009 - Qatar Fuel Company (Woqod) (DOH:QFLS), the state fuel distribution monopolist, said yesterday in a statement to the Qatari bourse that its net profit for the first quarter of 2009 rose to QAR 257.7 million (USD 70.8m/EUR 54m) from QAR 170.3 million in the same period last year.

The earnings per share (EPS) stood at QAR 8.59, up from QAR 5.68.

The reasons for the strong increase in bottom line figures were not disclosed.

Woqod ( www.woqod.com.qa ), formed in 2002, holds the monopoly ...

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