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FINANCIAL NEWS
Qatar Elect Co. posts QR1.54bn revenue
02 Feb 2017
(MENAFN) The Qatar Elect and Water Co. posted a net profit of QR1.54bn for the year ended Dec 2016 compared to QR1.50bn posted in 2015.
Moreover, last year witnessed an increase of 4 percent in sales, against QR2.9bn posted in 2015, while the earnings per share amounted to QR14.02 in 2016.
The Board of the firm discussed developments in the firm’s various projects which are under building and under review.
Meanwhile, the Board also decided to offer a recommendation to the General Assembly to approve the distribution of cash dividends to shareholders.
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MENAFN0202201700450000ID1095231605
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