Qatar’s Barwa net profit nearly trebles in Q2

04 Jul 2016

(MENAFN) Qatar’s Barwa Real Estate, one of the GCC state’s largest developers posted a nearly trebling of Q2 net profit.

Additionally, the firm posted a net profit of USD151.1mn in the three months to June 30, compared with a profit of USD 51.18mn a year earlier.

Moreover, the company made a net profit of USD 0.31bn in the first half of this year, compared with USD 0.91bn in 2015.

Meanwhile, Qataro Diar, a real estate-focused unit of sovereign wealth fund tha Qatari Investment Authority, owns 45 percent of Barwa.

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