The Board of Directors of Qatar Electricity and Water Company (QEWC) reviewed the first quarter (Q1, 2017) financial results of the company yesterday.
H E Dr Mohamed bin Saleh Al-Sada, Minister of Energy & Industry and Chairman of the QEWC’s Board of Directors, chaired the meeting.
QEWC recorded a net profit of QR350m (net of non-controlling interests) for the first quarter of 2017, compared to QR347m for the same period in 2016. The Earning per Share (EPS) edged up to QR 3.18 from QR 3.16.
The first quarter of the year 2017 showed sales of QR720m compared to QR718m recorded a year ago.
The Board expressed satisfaction with company’s financial performance. The board of directors also discussed progress in the company's various projects which are under construction and under review.
