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Qatar Electricity and Water Q3 net profit up 9 pct

Published 2016-10-26, 03:51 p/m
Updated 2016-10-26, 04:00 p/m
© Reuters.  Qatar Electricity and Water Q3 net profit up 9 pct

DOHA, Oct 26 (Reuters) - Qatar Electricity and Water Co QEWC.QA (QEWC), the Gulf state's monopoly utility firm, reported a 9 percent rise in third-quarter net profit on Wednesday, according to Reuters' calculations.

* Net profit of 443 million riyals in the three months ending Sept. 30 versus 406.4 million riyals a year earlier.

* Reuters calculated based on financial statements in lieu of a quarterly breakdown.

* EFG Hermes forecast: 412.3 mln riyals. QNB Financial Services forecast: 414.9 mln riyals. QEWC nine-month net profit 1.23 billion riyals, up from 1.14 billion riyals a year ago, a bourse statement said.

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