CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

QEWC achieves QR685m net profit in H1 2022

Published: 18 Jul 2022 - 09:29 am | Last Updated: 18 Jul 2022 - 09:31 am
Peninsula

The Peninsula

Doha: Qatar Electricity and Water Company Q.P.S.C. (QEWC) reported revenue of QR1,200m for the first half year ended 30 June 2022 compared to QR1,201m during the same period in 2021. 

Operating profits amounted to QR600m compared to QR558m during the same period in 2021. 

This resulted in a net profit (attributable to the equity holders of the company) of QR685m (EPS: QR0.62) compared to the QR785m (EPS: QR0.71) during the first half (H1) of 2021. 

QEWC recorded operational cash flows of QR600m compared to operational cash flows of QR626m during the same period in the previous year.