Qatar Electricity & Water Company Q.P.S.C. Reports Earnings Results for the Full Year Ended December 31, 2020
February 15, 2021 at 01:48 pm EST
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Qatar Electricity & Water Company Q.P.S.C. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was QAR 2,586.250 million compared to QAR 2,388.891 million a year ago. Operating income was QAR 782.056 million compared to QAR 879.093 million a year ago. Net income was QAR 1,157.690 million compared to QAR 1,413.913 million a year ago. Basic earnings per share from continuing operations was QAR 1.05 compared to QAR 1.29 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. 
