Mazaya Discloses 2011 Financials with QR 48.8 Million in Net Profit

Doha, January 16 (QNA) - Mazaya Qatar disclosed Monday the financial statements for the year ended December 31, 2011. The financials revealed a net profit of QR 48.8 Million in 2011 versus QR 15 million in 2010. The company's Earnings per share (EPS) amounted to QR 0.49 in 2011 compared to QR 0.16 in 2010. Mazaya Qatar Real Estate Development Q.S.C. was founded in 2008, It engages in the purchase of land, and development, sale, rental, and management of real estate properties in Qatar. It develops residential, commercial, and industrial projects. The company also provides construction project management and consultancy, property valuation, real estate brokerage, master development, assets and facility management, marketing management and consultancy, real estate portfolio and fund management, and real estate market research services. (QNA)