(MENAFN - Qatar News Agency) Barwa Real Estate Company disclosed today the interim financial statement for the three month period ended March 31, 2012.
The financial statements revealed a net profit of QR 292.462 Million in comparison to QR 548.497 Million for the corresponding period in 2011, the company said in a statement published on (Qatar Exchange) website.
The Earnings per Share (EPS) amounted to QR 0.75 as of March 31, 2012 versus QR 1.41 of the same period in 2011.
Barwa's foundations were laid on 15 November 2005. It operations on 19 January 2006.
Barwa is the largest listed real estate company in Qatar in terms of real estate developments, and has a total asset capitalization of approximately QR 74 billion as of 31 December 2010. In 2010 turnover of its shares represented almost 11.25 % of total turnover of shares listed by the Qatar Exchange.
While the group's main activities are in Qatar, it also has investments and operations in 13 other countries regionally and internationally.