Qatar Electricity and Water Co says it made a profit of $115m in the three months to June 30
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.