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FINANCIAL NEWS
Qatar’s QEWC registers USD202.24m profit in H1
16 Jul 2015
(MENAFN) Qatar Electricity and Water Company (QEWC) recorded a net profit of around USD202.24 million for the first half of the year, marking an increase by 3 percent year-on-year, Gulf Times reported.
QEWC attributed its success to higher operating income and share of profits from joint ventures as well as better cost management, which immensely helped in surpassing last year’s results
Revenue increased more than 1 percent, hitting USD389.59 million; whereas cost of sales decreased by 3 percent to USD214.7 million, leading to more than 7 percent increase in gross profit to USD174.84 million.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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