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FINANCIAL NEWS
Qatar’s Barwa second-quarter losses hit USD11.8m
26 Jul 2014
(MENAFN) Barwa Real Estate, Qatar’s largest listed property developer, has registered an USD11.8 million net loss in the second quarter, Gulf Daily News reported.
The second-quarter drop was compared to a net loss of USD11.14 million which was registered in the year-ago period.
In the first half of 2014, Barwa has made a profit of USD60.98 million, up from USD54.66 million year-on-year.
“We are working on selling one of our land assets in a medical and educational project to the government’s Higher Committee for Projects and Heritage,” the firm said.
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