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QEWC profit up 4.5% in Q1

QEWC was established in 1990, with the aim of owning and managing power generation and water desalination plants.
By TRENDS Desk
April 18, 2022 1:35 pm
  • QEWC is one of the largest energy production and desalination companies in MENA
  • It is the main provider of electricity and desalinated water in Qatar

The net profit of Qatar Electricity and Water Company (QEWC) rose 4.5 percent in the first quarter of 2022 to reach QAR388.694 million ($106.78 million).

This was in comparison to a net profit of QAR371.957 million ($102.19 million) for the same period of the previous year.

The earnings per share (EPS) amounted to QAR0.35 (around $0.1) as of March 31, 2022 versus EPS of QAR0.34 (around $0.09) for the same period in 2021, the company said in a release published on Qatar Stock Exchange on Sunday.

Qatar Electricity and Water Company (QEWC) is a public shareholding company founded in 1990 with a capital of QAR1.1 billion ($302.2 million).

The company is one of the largest companies in the field of energy production and water desalination in the MENA region.

It is the main provider of electricity and desalinated water in Qatar.

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