Barwa Real Estate Posts QR779.1 Million Net Profit

Doha, October 23 (QNA) - Barwa Real Estate Company disclosed the interim financial statements for the period ending September 30, 2012. The interim financial statements revealed a net profit of QR779.1 Million for the nine months period ended September 30, 2012 in comparison to a net profit of QR833.3 Million for the corresponding period last year. the company said in a statement. The company's Earnings per Share (EPS) amounted to QR2 for the period ended September 30, 2012 versus QR2.14 for the corresponding period in 2011. Barwa was incorporated in the State of Qatar on the 15th of November, 2005 based on a resolution issued by the Ministry of Economy and Commerce (Government of Qatar) on 15th November 2003. The Company was incorporated as a public shareholding company and is governed by the provisions of the Qatar Commercial Companies' Law. Barwa commenced commercial operations on19th January 2006. (QNA)