Qatar's Barwa Real Estate Q2 net profit tumbles 80%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Barwa Real Estate, a struggling Qatari property firm which received $7.1 billion in financial support from the state in June, posted a slump in first-half net profit on Thursday.

Qatar's largest listed property developer posted a net profit of 199.2 million riyals ($54.7 million) for the six months to June 30, compared with 593.7 million riyals in the corresponding period of 2012.

Second-quarter net profit came to 40.7 million riyals, Reuters calculated based on previous earnings announcements. That compares with 204.02 million riyals in the corresponding quarter of last year.

The company did not provide quarterly figures.

Related:

Market Performance

Barwa Real Estate Company
40.3
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Opportunity knocks

Opportunity knocks

Government-backed projects for Saudi’s housing markets have been...

Dubai real estate bonds would find buyers amid recovery

Dubai real estate bonds would find buyers amid recovery

Bonds could be issued to fund growing pipeline of new projects...

2
Arabian Business awards 2012: best of the best

Arabian Business awards 2012: best of the best

Who made the grade in 2012?

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew