Woqod 9-month net profit edges higher to QR856mn

Sheikh Saoud (left) and al-Kuwari. Some 22 Woqod projects are now under construction and 16 in the design and approval stages, whle three projects are being tendered, al-Kuwari said.

Woqod has posted a nine-month net profit of QR856mn, up 2.8% on the same period last year.
The results were announced in Doha yesterday after a meeting of Woqod’s board of directors presided over by chairman Sheikh Saoud bin Abdulrahman al-Thani.

Woqod chief executive officer Ibrahim Jaham al-Kuwari said the board also examined the company’s current and future projects and other related issues and gave its directives.
Despite increasing capital base through issuing 30% bonus shares in 2013, earning per share (EPS) amounted to QR10.14 in September compared with QR9.86 for last year.

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Source News: gulf-times.com