Barwa’s quarterly net income jumps 68%

: Sunday, May 04 - 2014 @ 12:35

Qatar’s Barwa Real Estate Group has said its first-quarter net profit rose 68% to QR266m from QR158m for the same period a year earlier, the Peninsula has reported. Rental revenue climbed 56% year-on-year, despite a 33% rise in operational costs, said the developer. Barwa is currently focusing on the completion of its projects including Barwa Al Baraha, and the residential project Al Khor- Shell in Al Khor.

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Sunday, May 4- 2014 @ 12:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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