Qatar's state-run utility posts 4.4% fall in Q2 net profit

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar Electricity and Water Co (QEWC), the Gulf state's monopoly utility firm, was in line with analyst estimates as it reported a 4.4 percent fall in second-quarter net profit on Tuesday.

The state-run utility made a profit of QR417 million ($115 million) in the three months to June 30 compared to QR436 million in the prior-year period, Reuters calculated based on half-year figures published in a statement to Doha's bourse.

Three analysts polled by Reuters had forecast QEWC would make a quarterly profit of QR422.67 million.

The firm's profit for the first six months of the year rose to QR716 million from QR637 million a year earlier. It did not publish revenue figures.

Related:

Market Performance

Qatar Electricity and Water Company
208.8
-0.6 -0.29 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
New global oil deal could draw lessons from 1998

New global oil deal could draw lessons from 1998

With oil prices touching their lowest level since 2003, OPEC...

No sign Saudi Arabia will ride to oil market rescue

No sign Saudi Arabia will ride to oil market rescue

Gulf kingdom has few options beyond sticking with a strategy...

Does the Saudi IPO signal the end of the age of oil?

Does the Saudi IPO signal the end of the age of oil?

Saudis may want to capitalise on an asset that’s only going to...

Most Popular
Most Discussed
sponsoredTracking