Qatar Electricity and Water Company Profit Up in First Quarter

Doha, April 23 (QNA) - Qatar Electricity and Water Company disclosed the interim financial statement for the three month period ended March 31, 2012. The financial statements revealed a net profit of QR 290.8 Million in comparison to QR 226.6 Million for the corresponding period in 2011. The Earnings per Share (EPS) amounted to QR 2.91 as of March 31, 2012 versus QR 2.27 of the same period in 2011. Qatar Electricity and Water Company is a public shareholding company founded in 1990 for the purpose of acquiring and managing power generation and water desalination stations and sell its products, with a paid up capital of One hundred million shares of QR 10 each. (QNA)