Qatar Electricity & Water Company Q.P.S.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 13, 2021
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Qatar Electricity & Water Company Q.P.S.C. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was QAR 600.167 million compared to QAR 655.537 million a year ago. Operating income was QAR 281.438 million compared to QAR 224.471 million a year ago. Net income was QAR 412.727 million compared to QAR 340.454 million a year ago. Basic earnings per share from continuing operations was QAR 0.38 compared to QAR 0.31 a year ago. For the half year, total revenue was QAR 1,200.959 million compared to QAR 1,254.914 million a year ago. Operating income was QAR 558.178 million compared to QAR 497.088 million a year ago. Net income was QAR 784.684 million compared to QAR 660.563 million a year ago. Basic earnings per share from continuing operations was QAR 0.71 compared to QAR 0.6 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. 
