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Qatar Real Estate Investment H1 profit falls
- Qatar: Thursday, July 23 - 2009 at 11:20
Qatar Real Estate Investment Co. (Qreic) has said that its first half net profit had dropped by 35% to QR113m mainly on shrinkage in investment income and higher finance charges. A 17% rise in rental income to QR117m, had more than doubled finance lease revenue to QR78.22m. The group posted a 54% decline in investment income to QR29m, the developer has said. Total income had dropped 10% to QR236.66m, while total expenses rose 37% to QR123.61m in the review period.
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StaffThursday, July 23 - 2009 at 11:20 UAE local time (GMT+4)
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