DOHA: Barwa Real Estate Company has posted a net profit of QR 3.5 Billion for the period ended September 30, a jump by 420% compared to QR 673 Million recorded for the same period in 2014, according to a Qatar Stock Exchange (QSE) bulletin today.
The company’s earnings per share (EPS) significantly increased to QR 9.18 compared to an EPS of QR 1.73 for the same period in 2014.
Barwa Group is a real estate company established in 2005. The company is listed on the Qatar Exchange, with 45% of shares held by the Qatar Investment Authority, via its Qatari Diar subsidiary. It is primarily active in real estate development and related financial services.