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