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Qatari Barwa's net profit down to USD80.29m in Q1  Join our daily free Newsletter

MENAFN - 02/05/2012

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(MENAFN) Qatar's Barwa Real Estate Company announced that first-quarter net profit fell to USD80.29 million, compared with USD150.58 million for last year's same period, reported The Peninsula.

The firm added that as of March 31, earnings per share (EPS) reached USD0.20, down from USD0.38 recorded in 2011's same quarter.

Moreover, as of December 31, 2010, the company's total asset capitalization is around USD20.31 billion.

It is worth noting that Barwa Real Estate is the largest listed property firm in Qatar in terms of realty developments.

 






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