Home Industry Energy Qatar Electricity and Water Q2 Profit Falls 4.4% The state-run utility made a profit of QAR417 million ($115 million) in the three months to June 30 compared to QAR436 million in the prior-year period. by Reuters July 15, 2014 Qatar Electricity and Water Co (QEWC), the Gulf state’s monopoly utility firm, was in line with analyst estimates as it reported a 4.4 per cent fall in second-quarter net profit on Tuesday. The state-run utility made a profit of QAR417 million ($115 million) in the three months to June 30 compared to QAR436 million in the prior-year period, Reuters calculated based on half-year figures published in a statement to Doha’s bourse. Three analysts polled by Reuters had forecast QEWC would make a quarterly profit of QAR422.67 million. The firm’s profit for the first six months of the year rose to QAR716 million from QAR637 million a year earlier. It did not publish revenue figures. 0 Comments