Doha – Mubasher: Qatar Electricity and Water Company (QEWC) announced on Wednesday a net profit of QAR 360 million in the fourth quarter of fiscal year 2015, almost the same figure from the same period of 2014.
Annual profit decreased by 2% to QAR 1.5 billion last year from QAR 1.53 billion in 2014.Earnings per share also declined to QAR 13.64, compared to QAR 13.91 a year earlier.
Earlier, the Qatar-listed company’s board of directors submitted a proposal to the general meeting to distribute cash dividends at 75% of the share’s par value, equivalent to QAR 7.5 per share.
QEWC earlier reported a net profit of QAR 1.14 billion in the first nine months of 2015, 2.6% down from QAR 1.17 billion in the same period of 2014.
