QEWC net profit rises 49pc in Q1

April 22, 2014 - 9:08:10 am

DOHA: Qatar Electricity and Water Co., (QEWC) reported a 49 percent rise in first-quarter net profit on Tuesday.

The state-run utility made a profit of QR299 million or $82.1 million in the three months to March 31, up from QR201 million in the prior-year period, according to a statement to Doha's bourse.

Two analysts polled by Reuters forecast QEWC would make a quarterly profit of QR238.4 million and QR286.7 million respectively. (Reuters)