Doha – Mubasher: Qatar Electricity and Water Company’s (QEWC) stock shed 0.44% to QAR 225, despite the positive results of the fourth quarter.
By 12:35pm Qatari time, traded volume reached 6,600 shares at a value of QAR 1.5 million through 26 transactions.
The company posted QAR 372 million net profit in Q4-16 from QAR 331 million in the year-ago period, with a 12.38% increase.
On the twelve month level, net profits reached QAR 1.542 billion compared to QAR 1.501 billion in 2015, rising 2.73%.
