Barwa Real Estate disclosed its financial statements for the period ended 30.06.2016. The statements show that the net profit amounted to QR 1,201 Million compared to a net profit of QR 3,448 Million for the same period of the previous year.
Earnings per Share (EPS) amounted to QR 3.09 for the period ended 30.06.2016 compared to an EPS of QR 8.86 for the same period of the previous year.
The company’s financial statements showed a net profit of QR 549 million during the 2nd quarter of 2016 compared to QR 193 million during the same period of 2015, representing an increase of 184%.
The profit of the first half of 2016, is higher than the same period of the previous year by QR 457 million, representing an increase of 61% after excluding the exceptional profits made in 2015 from the sale of a plot of land in Mesaimeer area that amounted to QR 2,702 million.