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FINANCIAL NEWS
Qatar Elect and Water Co. confirms USD 226.5mn
22 Feb 2016
(MENAFN) Qatar Electricity and Water Co. (QEWC) approved the Board of Director’s recommendation to allocate a cash payment of USD 226.55mn to its shareholders.
However, there was no growth in the value of dividend in 2015 as the firm distributed the same amount of USD 226.39mn in the previous year 2014.
The earnings per share (EPS) for the year 2015 reached USD 3.74, which is lower compared to USD 3.81 for 2014, while it reported 3 percent increase in sales.
Moreover, sales of the firm increased at USD 0.82bn for the year ended Dec 31, 2015 compared to almost USD 0.79bn for 2014, and it approved its planned investments.
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