The state-run utility made a profit of $121.8 million in the three months ending June 30
Qatar Electricity and Water Co (QEWC), the Gulf state's monopoly utility firm, reported a 13.4 percent rise in second-quarter net profit, according to Reuters calculations.
The state-run utility made a profit of 443.56 million riyals ($121.8 million) in the three months ending June 30 compared with 391 million riyals in the same period a year earlier, according to calculations based on results figures in a bourse statement.
QNB Financial Services had forecast a quarterly profit for QEWC of 382.4 million riyals while EFG Hermes expecting 388.95 million riyals.
QEWC reported a net profit for the first six months of 2016 of 791 million riyals, 7.3 percent up on the 737.2 million riyals it made in the corresponding period of last year.For all the latest energy and oil 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.