Qatar Electricity & Water Discloses
Interim Financial Statement for Three-Month Period Ended March
31, 2017
April 19, 2017
Qatar Electricity & Water Company disclosed the interim
financial statement for the three-month period ended March 31,
2017.The statements shows that the net profit is QR 350 Million
Compared to net profit amounting to QR 347 Million for the same
period of the previous year.
The Earnings per Share (EPS) amounted to QR 3.18 for the period
ended March 31, 2017 compared to EPS amounted to QR 3.16 for the
same period of the previous year.
The Group's Comment
Qatar Electricity &
Water Company's net operational income dropped by 14.6% to QR
276 million in the first quarter of 2017, as result of a
significant rise in the operating cost. Public and
administrative expenses increased by 4.9% to QR 51 million.
Net financing cost amounted to QR 38.3 million. Adding
other sources of income worth QR41.8 million, its share from
other joint ventures worth QR 128.4 million, then the profit
posted in this quarter stands at QR 356.1 million, without
change. The company registered a comprehensive income of QR
147.6 million-- compared to losses incurred in the same period
last year. The total income attributable to shareholders
increased by 47.5% to QR 497.9 million.
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