Qatar Electricity & Water Company Q.P.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 11:55 am EDT
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Qatar Electricity & Water Company Q.P.S.C. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was QAR 701.97 million compared to QAR 617.87 million a year ago. Revenue was QAR 721.6 million compared to QAR 635.43 million a year ago. Net income was QAR 367.92 million compared to QAR 295.88 million a year ago. Basic earnings per share was QAR 0.33 compared to QAR 0.27 a year ago.
For the six months, sales was QAR 1,340.93 million compared to QAR 1,163.19 million a year ago. Revenue was QAR 1,379.65 million compared to QAR 1,200.3 million a year ago. Net income was QAR 768.58 million compared to QAR 684.58 million a year ago. Basic earnings per share was QAR 0.7 compared to QAR 0.62 a year ago.
Qatar Electricity and Water Company QPSC, formerly Qatar Electricity & Water Company QSC, is a Qatar-based company engaged in the production of electricity and water. The Company operates plants for the generation of electricity and desalination of water in the State of Qatar, and sells its products to the Qatar General Electricity and Water Corporation. The Companyâs subsidiaries include Ras Laffan Operating Company WLL, which is engaged in the management, operation, maintenance and development of electricity and water desalination plants in Qatar, and Ras Laffan Power Company Limited QSC, which is engaged to develop, own, operate and maintain an electricity and water desalination plant in Qatar. The Company also holds shares in jointly controlled and associated entities, including Q Power QSC, Mesaieed Power Company Limited QSC, Ras Girtas Power Company Limited, AES Oasis Limited, Phoenix Power Company and Phoenix Operating Company.
QATAR ELECTRICITY & WATER COMPANY Q.P.S.C. 
