Qatar Electricity and Water Company (QEWC) has announced the financial results for first the first six months of 2020.
The financial statements revealed a net profit of QR661mn (net of non-controlling interests) against QR620mn for the same period of the year 2019. Earning per share (EPS) amounted QR0.60 in 2020 compared to QR0.56 for the same period of 2019.
The H1 ended on June 30 showed sales of QR1,255mn compared to QR1,143mn for the same period of 2019.
The announcement of QEWC’s financial results followed the board of directors’ meeting held via video conference and chaired by HE the Minister of State for Energy Affairs and chairman of the QEWC’s board, Saad bin Sherida al-Kaabi.
The board discussed the financial results for H1, which was reviewed by the auditors of the company.
The board expressed satisfaction with the company’s financial performance, and expressed its optimism that the company will have a promising future with projects and excellent strategies.
The board also discussed the precautions taken by QEWC and its group companies to confront the outbreak of the coronavirus and its effect on power generation and desalination plants.
In line with the Qatar’s efforts to combat the spread of the virus, QEWC will ensure continued production of electricity and water with high efficiency during this summer period.
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