(MENAFN) Woqod, the Qatari fuel company, recorded a net profit of USD148.4 million for the first half of the year, marking an increase by 2 percent year-on-year, Gulf Times reported.
The company posted USD2.99 million increase over the USD145.4 million it recorded in the corresponding period last year. Its total assets reached USD2.68 billion, marking a 5.8 percent slump compared year-on-year.
'Woqod started an expansion project and purchasing a new ship for increasing storage and distribution capacity for Bitumen,' Woqod's CEO said in a statement.
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