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FINANCIAL NEWS
Qatari Barwa Real Estate revenue grows to QR1.6bn
08 Feb 2017
(MENAFN) Barwa Real Estate Group announced a net profit attributable to the equity holders at QR1.6bn for the year ended Dec 31, 2016.
Additionally, the firm’s consolidated fiscal results reveal an improvement in the operating incomes of the Group with an amount of QR48mn.
However, the firm has declined the general and administrative expenses by 8 percent and drop in the net finance costs by 8 percent compared to 2015.
Meanwhile, the Board also worked in co-op with the executive management of the group to put in place and initiate, the necessary plans to increase the return of the firm”s shareholders.
MENAFN0802201700450000ID1095241172
MENAFN0802201700450000ID1095241172
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