Qatar Electricity & Water Company Q.P.S.C. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 20, 2020 at 02:39 pm EDT
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Qatar Electricity & Water Company Q.P.S.C. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was QAR 696.018 million compared to QAR 641.802 million a year ago. Operating income was QAR 215.114 million compared to QAR 208.959 million a year ago. Net income was QAR 373.685 million compared to QAR 330.681 million a year ago. Basic earnings per share was QAR 0.34 compared to QAR 0.3 a year ago. For the nine months, total revenue was QAR 1,950.932 million compared to QAR 1,785.245 million a year ago. Operating income was QAR 712.202 million compared to QAR 687.124 million a year ago. Net income was QAR 1,034.248 million compared to QAR 950.197 million a year ago. Basic earnings per share was QAR 0.94 compared to QAR 0.86 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. 
