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QEWC posts 49% increase in quarterly income

: Wednesday, April 23 - 2014 @ 11:39

Qatar Electricity and Water Co (QEWC) has said its net profit rose 49% in the first three months of this year, Reuters has reported. The state-run utility made a profit of QR299m ($82.1m) in the first quarter, up from QR201m in the prior-year period, beating analysts’ forecasts between QR238.4m and QR286.7m.

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Wednesday, April 23- 2014 @ 11:39 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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