(MENAFN- Qatar News Agency) WOQOD's Board of Directors a meeting on Wednesday chaired by HE Abdulla Bin Hamad Al Attiyah, the Chairman of the Board of Directors to discuss the financial results achieved during the period ended on 30-09-2013.
Announcing WOQOD's financial results, Vice chairman and Managing Director, Mohammed Turki Al Sogi 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 amounted to QR 923 Million, increase by QR 47 Million or 5.4% as compared to QR 876 million for the same period of 2012.
As a result of increasing capital base through issuing 25% bonus shares in 2012 earnings per share amounted to QR 14.21 as compared to QR 16.85 for last year.
While total assets reached QR 9.3 Billion up by 15.9% from last figures, total shareholder's equity recorded a growth rate of 9.1% to reach QR 6 billion for 2013.
Al sobai added that WOQOD is currently involved in implementation of more than 26 projects including expansion projects.
Abu Samra Mesaieed north and the Pearl are totally completed and expected to be opened when the Civil Defense permits are issued Other 12 Projects are currently either under construction or in approval procedures, and tendering stages, and expected to be completed in 2014.
The project of Saudi Arabia is in the stage of tendering and will be launched very soon.
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