Qatar Electricity & Water Company increases profits

16 October 2008
Qatar Electricity & Water Company (QEWC) has reported a net profit of QR596.2m ($164m) for the nine months ending 30 September.

Profits at the company were up 16 per cent from QR514.2m for the same period in the previous year. Earnings per share rose from QR5.14 to QR5.96.

The figures were released in a statement to the Doha Securities Market on 16 October. QEWC did not give a reason for the rise in profits.

QEWC is 43 per cent owned by the government.

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