Saturday, Apr 27, 2013
(this article was originally published on Thursday)
DUBAI (Zawya Dow Jones)--Qatar Electricity & Water Co. (QEWS.DO), a company that runs the Gulf state's power and desalination plants, on Thursday posted a 31% fall in first-quarter profit.
The utility made a three-month net profit of 201 million riyals ($55.2 million), down from QAR290 million in the year before period, QEWC said in a brief statement posted on the Qatar bourse website.
Its earnings per share amounted to QAR2.01 in the first quarter, compared with QAR2.90 a year earlier.
QEWC shares were last down 1.5% at QAR141.20 on Thursday.
Write to Nikhil Lohade at nikhil.lohade@dowjones.com
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(END) Dow Jones Newswires
27-04-13 0719GMT
