Barwa Reports QR 158.5 Million in Net Profit

Doha, April 30 (QNA) - Barwa Real Estate Company disclosed the interim financial statement for the three month period ended March 31, 2013. The financial statements revealed a net profit of QR 158.5 Million in comparison to QR 292.5 Million for the corresponding period in 2012, the company said in a statement. The Earnings per Share (EPS) amounted to QR 0.41 as of March 31, 2013 versus QR 0.75 of the same period in 2012. Barwa's foundations were laid on 15 November 2005. It began operations on 19 January 2006. The Company is primarily engaged in the acquisition, reclamation, development and reselling of lands. (QNA)