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.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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