Woqod falls as oil price slump lead to stagnant FY profit
The Qatari 20 Index slipped 0.19 per cent to reach 12,525.88 points on Tuesday, February 24.
Woqod (Qatar Fuel) plummeted 7.06 per cent to QAR205.40. Earlier in the day, the company said that the financial results for 2014 revealed a net profit of QAR1.13bn versus QAR112 billion in the previous year. The firm said that it is currently involved in implementation of more than 39 projects under construction, tendering, designing and approval stages, and 16 projects in design and approval stages.