Qatar Electricity & Water Discloses Its Financial Statements for 2016

 

February 01, 2017

 

Qatar Electricity and Water Company disclosed its financial statements for the year ended on 31.12.2016. The statements show that the net profit is QR 1,542 million compared to net profit amounting to QR1,501million for the same period of the previous year.

 

Earnings per Share (EPS) amounted to QR 14.02 for the year ended December 31, 2016 compared to QR 13.64 for the same period of the previous year.

 

The Board has decided to offer a recommendation to the General Assembly to approve the distribution of cash dividends to shareholders, equivalent to 75% of the nominal value of the shares.

 

The General Assembly will be held on Monday, March 6, 2017 at The Doha Sheraton - Hotel.