QEWC Posts 11pc increase in Net Profit

qewc News

The Board of Directors of Qatar Electricity and Water Company (QEWC) approved yesterday the financial results for 9 months period ended September 30, 2014. The financial statements showed an increase of 2 percent in sales (QR2,250m as against QR2,211m for 2013), and a net profit of QR1,170m (net of non-controlling interests) as against QR1,054m for the same period in 2013, resulting in an increase of 11 percent. Earning per Share (EPS) amounted to QR10.63 in 2014 compared to QR9.58 in the previous year. The Board of Directors also expressed their satisfaction with company’s financial performance, and commended its endeavours in implementing new projects and future plans.