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FINANCIAL NEWS
Qatar-Barwa Real Estate records QR912mn revenue
26 Jul 2017
(MENAFN) Barwa Real Estate Co. has recorded revenue of QR912mn for the period ended June 2017, down by 24 percent compared to QR1.2bn in the same period of 2016.
Additionally, earnings per share of the firm reached QR2.34 against QR3.09 for the same period of last year.
Furthermore, the fall in the revenue resulted from the decline in the profits from few non-recurring items like revaluation gain from investment properties and other income.
Meanwhile, the group has leased all the showrooms of Phase one of Madinat Al Mawater that will collaborate to the increase of the group”s operating income.
MENAFN2607201700450000ID1095658531
MENAFN2607201700450000ID1095658531
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