Thursday, Aug 02, 2012
DUBAI (Zawya Dow Jones)--Qatar Electricity and Water Co. (QEWS.DO), or QEWC, a company that runs the Gulf state's power and desalination plants, on Thursday posted a 22% year-on-year fall in second-quarter net profit to 348.1 million Qatari riyals ($95.63 million).
The company made a net profit of QAR638.9 million in the six-month period, down from QAR669 million for the same period last year, QEWC said in a statement posted on the Doha bourse website. It didn't provide a quarterly profit figure and the numbers have been calculated using data from Zawya.com.
The company's earning per share amounted to QAR6.39 as of June 30, versus QAR6.69 for the corresponding period in 2011, the statement added.
QEWC shares were trading flat at QAR135.50 Thursday.
-By Nikhil Lohade, Dow Jones Newswires; +9714 446-1694; nikhil.lohade@dowjones.com; Twitter: @ZDJnews
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
02-08-12 0711GMT
