Oula Fuel Marketing achieves net profit of KD 4.06 million during 2011

10/04/2012 09:37 AST

Oula Fuel Marketing held their sixth general assembly which took place at its head offices where Chairman Abdulhussain Al-Sultan announced a net profit of 4,059,055 Kuwaiti dinars for the fiscal year ending on Dec. 31, 2011. This resulted in an earnings per share (EPS) of 12.41 Kuwaiti fils which is 41 percent higher than the EPS registered in 2010. Also in attendance was Managing Director Hamzah Bakhash in addition to a representative from the Ministry of Commerce and a large number of the company's shareholders.

Al-Sultan stated that the company's total assets amounted to KD 55.394 million recording an increase of 18 percent over last year while company revenue has increased by 11 percent during 2011 and enhanced efficiency of operations resulted in improving gross profit by 34 percent.

Al-Sultan went on to explain that while the company's focus is on financial performance, "Oula places equal importance and attention on health, safety and environment (HSE) issues, development of stations and career development of employees."

For more on this Click Here


Al Watan

News

Oula Fuel Co. posts KD 2.8 mln profit for 9 months

16/11/2014

Oula Fuel Marketing Company on Sunday announced a net profit of KD 2.8 million in the first nine months of this year, indicating the earnings per share reached 7.7 fils, compared with 10.9 fils in th

KUNA

Oula installs air, water towers at 20 of its stations

15/05/2012

As part of Oula Fuel Marketing Company's ongoing efforts to upgrade and add valuable services to its existing and new stations, the company has recently installed new air and water towers in 20 stati

Al Watan

Oula Fuel Marketing announces 2011 net profit of KD 4.06 million

27/04/2012

Oula Fuel Marketing Company held its Extraordinary General Assembly Meeting where it has been approved to raise the company's capital from 32,969,919.950 Kuwaiti dinars to KD 34,618,415.945 distribut

Al Watan

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
ALAWWAL 12.10 172,934
SABB 30.52 234,993

Valuation

OULAFUEL Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Top Related Companies

Ticker Price Change
ALTAYYAR 28.42 0.28 (0.99%)
HERFY 48.69 0.96 (2.01%)
DUR 20.56 0.04 (0.19%)
JAZEERA 630.00 7.00 (1.12%)
KCIN 1,099.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap