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FINANCIAL NEWS
Qatar’s Barwa Real Estate posts USD11.2m profit in Q2
01 Aug 2013
(MENAFN) Qatari developer Barwa Real Estate reported USD11.2 million net profit during the second quarter, down USD55.98 million a year earlier, Reuters reported.
The figures were calculated by Reuters based of half-yearly results. The developer didn’t disclose quarterly results.
Qatar’s largest listed property developer posted a net profit of USD54.7 million during the first half of 2013, up from USD162.92 million a year ago.
Barwa, a struggling Qatari property firm which received USD7.1 billion in financial support from the Qatari government in June
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