Net profits of Qatar Fuel (Woqod) decreased by 7% in the first nine months of 2023, reaching QR711.6mn compared to QR762.8mn in the same period of 2022, reports QNA.
The decline in net profits and earnings per share is attributed to supply and demand factors in the petroleum products, according to a statement issued by the company and published on the Qatar Stock Exchange's website on Wednesday.
The company added that the earnings per share (EPS) amounted to QR0.72 as of September 30. 2023, compared to EPS of QR0.77 for the same period in 2022.
