FINANCIAL NEWS

Qatar Electricity and Water Co. profit reaches USD 99.00mn

03 Feb 2016

(MENAFN) Qatar Electricity and Water Co (QEEC), the Gulf state’s useful firm, proclaimed a flat fourth-quarter net income of USD 99.00mn.

Furthermore, the state made revenue of USD 99.00mn in the three months to Dec.31, compared with USD 98.91mn in the same period a year earlier.

Additionally, the utility Company made USD 0.41bn in 2015 net revenue, a decrease from USD 0.42bn in the previous year.

QEWC added that its board offered paying a cash dividend for 2015 of 75 percent, equal to USD 2.05 per share, which is the same compared to 2014.

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