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Qatar Electricity and Water Company yesterday announced a 1 percent rise in gross profit at QR1,306m as against QR1,293m in 2012. Based on the financial results achieved by the company and the future plans of the company, the Board of Directors has proposed a final dividend distribution of QR7.5 per share.
The Board also proposed to distribute one bonus share for every 10 shares held subject to the approval from the General Assembly to be held on February 25, 2014 at Katara Hall.
The Board of Directors of Qatar Electricity and Water Company chaired by H E Abdullah bin Hamad Al Attiyah, Chairman of the Administrative Control and Transparency Authority, and chairman of the company adopted the financial results. Sales of the company witnessed an increase of 2.3 percent to QR2,904m in 2013 as against QR2,838m in 2012.
The Qatar Electricity and Water Company (QEWC) reported a net profit of QR1.54bn for the year ended December 2016 compared to QR1.50bn posted a year ago.
The year 2016 witnessed an increase
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