Qatar Electricity & Water Company Q.P.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 02:44 pm EDT
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Qatar Electricity & Water Company Q.P.S.C. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was QAR 691.79 million compared to QAR 616.65 million a year ago. Revenue was QAR 711.13 million compared to QAR 639.08 million a year ago. Net income was QAR 565.4 million compared to QAR 391.26 million a year ago. Basic earnings per share from continuing operations was QAR 0.51 compared to QAR 0.36 a year ago.
For the nine months, sales was QAR 1,854.99 million compared to QAR 1,766.79 million a year ago. Revenue was QAR 1,911.43 million compared to QAR 1,840.04 million a year ago. Net income was QAR 1,249.97 million compared to QAR 1,175.95 million a year ago. Basic earnings per share from continuing operations was QAR 1.14 compared to QAR 1.07 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. 
