Qatar
Electricity & Water Discloses Its
Financial Statements for 2016
February 02, 2017
Qatar Electricity and Water Company's
net profit is QR 1,542 million compared
to QR1,501million for the same period of
the previous year. EPS amounted to QR 14
compared to QR 13.64 for the same period
of the previous year. The Board
recommended the distribution of QR 7.5
cash dividends to shareholders.
The Group's
Comment
Qatar Electricity and Water Company's
net operational income increased by 7.7%
to QR1.4 billion in 2016. Total expenses
rose by 15.9% to QR105 million.
Adding the company's share of
profit from associate companies,
deducting financing cost, then the
company’s net profit rises by 2.5% to
QR1573.3 million. There was a positive
change in the fair value worth QR 246.5
million, thus pushing comprehensive
income up to QR 1819.9 million.