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FINANCIAL NEWS
Barwa Real Estate profit drops
29 Oct 2013
(MENAFN) Barwa Real Estate Group announced a drop in its net profit in the first three quarters of the year, The Peninsula Qatar reported.
The company’s net earnings went down to USD128.3 in the nine-month period from USD213.8 in the corresponding period last year.
The sharp 40 percent drop was cited to delays in finalizing deals and the company said that it is still trying to improve operations proficiency to increase profits from rents.
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