Doha – Mubasher: Qatar Electricity and Water Company’s (QEWC) profits rose in the first quarter of fiscal 2016 by 0.29% year-on-year.
Net profit came to QAR 347 million ($95.21 million) in Q1-16, versus QAR 346 million ($94.93 million in Q1-15, according to a bourse statement.
Earnings per share reached QAR 3.16 ($0.87) in the January-March period of this year, compared to QAR 3.15 ($0.87) in the same period of 2015.
QEWC, listed in Qatar Stock Exchange (QSE), earlier posted a net profit of QAR 1.5 billion ($411.91 million) in 2014, 2% down from QAR 1.53 billion ($420.145 million) in 2014.
The stock fell 1.53% in today’s early trading as 281 shares were exchanged at QAR 58,300 ($16,009).
