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Barwa’s quarterly net income jumps 68%

May 4, 2014 12:35 pm

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.