Qatar Electricity and Water Company reports a 12% drop in H1 2024 net profits to QR 680M from QR 769M in 2023.
Qatar Electricity and Water Company (QEWC) reports a 12% drop in net profits for H1 2024, reaching QR 680M compared to QR 769M in 2023. Earnings per share fall from QR 0.70 to QR 0.62. Despite the decline, revenues increase from QR 1.379B in 2023 to QR 1.431B in 2024, while operating profits drop from QR 642M to QR 616M. QEWC, established in 1990, is valued at QR 1B on Qatar Stock Exchange (QSE).
August 04, 2024
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