Mubasher: Qatar Electricity and Water Company (QEWS) on Thursday reported a 9.1% year-on-year drop in its profit for the second quarter of 2018.
Net profits amounted to QAR 419 million ($115.6 million) in Q2-18, compared to QAR 461 million ($127.2 million) during Q2-17, according to a filing to the Qatar Stock Exchange (QSE).
As for the first six months of 2018, net profits of the Qatar-based company inched up 0.25% to QAR 813 million, from QAR 811 million in H1-17.
Earnings per share (EPS) grew to QAR 7.39 for the six-month period ended June, versus QAR 7.37 in the same period of the prior year.
It is worth noting that QEWS's profits jumped 12.6% year-on-year to QAR 394 million in Q1-18.
By 09:30 am Qatar time, QEWS's stock declined 1.01% at QAR 187.