Qatar Fuel Company Q.P.S.C. ("WOQOD") reported earnings results for the first quarter ended March 31, 2026. For the first quarter, the company reported sales was QAR 4,976.62 million compared to QAR 6,323.29 million a year ago. Net income was QAR 162.64 million compared to QAR 230.49 million a year ago.
Basic earnings per share from continuing operations was QAR 0.16 compared to QAR 0.23 a year ago.
Qatar Fuel Company QPSC, known as WOQOD, is a Qatar-based company responsible for the storage, distribution, and marketing of refined petroleum products across the State of Qatar. The Company’s core operations include the management of fuel stations, distribution of diesel, gasoline, and aviation fuel, supply of liquefied petroleum gas, ship-to-ship bunkering within Qatari waters, import and distribution of bitumen, and the provision of WOQOD-branded lubricants. In addition to its fuel-related services, The Company is involved in vehicle inspection, marine supply, oil and gas transportation between ports, and real estate services. The Company operates through several subsidiaries including Qatar Jet Fuel Company Q.S.C., which supplies jet fuel to commercial and private aircraft; WOQOD Vehicle Inspection Company (Fahes) S.P.C., which provides vehicle inspection services; WOQOD Marine Services Company S.P.C., which owns and operates vessels; and WOQOD International Company S.P.C.
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