Home Industry Energy Qatar Electricity And Water Q1 Net Profit Rises 49% State-run utility’s net profit rises by nearly half in the three months to March 31. by Reuters April 22, 2014 Qatar Electricity and Water Co (QEWC) reported a 49 percent rise in first-quarter net profit on Tuesday. The state-run utility made a profit of 299 million riyals ($82.1 million) in the three months to March 31, up from 201 million riyals in the prior-year period, according to a statement to Doha’s bourse. Two analysts polled by Reuters forecast QEWC would make a quarterly profit of 238.4 million and 286.7 million riyals respectively. ($1 = 3.6411 Qatar Riyals) (Reporting by Matt Smith; Editing by David French) 0 Comments