Qatar Electricity and Water Posts QR 638.9 Million Net Profit

Doha, August 02 (QNA) - Qatar Electricity and Water Company disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 638.9 million in comparison to QR 669 million for the same period last year, the company said in a statement. The company's Earning per Share (EPS) amounted to QR 6.39 as of June 30, 2012 versus QR 6.69 for the corresponding period in 2011. Qatar Electricity and Water Company is a public shareholding company founded in 1990 in accordance with the provisions of the Commercial Companies Law, 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)