QEWC Discloses its Financial Results for First Quarter of 2016

qewc News

Doha, April 19 (QNA) – Qatar Electricity and Water Company (QEWC) has announced its financial results for the first quarter of 2016, ended on 31 March, The company achieved a net profit ( excluding minority shares) amounted to QR 347 million compared to QR 346 million for the same period last year 2015.

A statement issued by the company this evening said that the earnings per share amounted to QR 3.16 in the first quarter of 2016, compared with 3.15 in the first quarter of 2015 Financial data showed sales increased by 8 percent, as the company achieved sales of QR 718 million, compared to QR 667 million for the same period in 2015, and has seen an increase gross profit by 7 percent, reaching QR 323 million , compared to QR 302 million for the same period of 2015.(QNA)