Qatar’s Barwa reports USD466m profit in 2012

13 Mar 2013

(MENAFN) Qatar’s Barwa Real Estate Company reported an increase in annual profits for 2012 compared to a year earlier, The Peninsula Qatar reported.

The top developer said it made USD466 million net profit last year, up from USD384 million in 2011.

The company said revenue from rentals grew by 18 percent to USD203.4 million in 2012 from USD171 million in the previous year.

Qatari Diar, 45 percent owned by the Qatar Investment Authority (QIA), is the largest listed real estate company in Qatar in terms of real estate developments.

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