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Barwa's nine-month net income fell to QR779m
- Qatar: Wednesday, October 24 - 2012 at 02:13
Qatari developer Barwa Real Estate has announced its net profit for the first nine months in 2012 dropped to QR779m from QR833m for the same period a year earlier, the Peninsula has reported. The company said it is now focusing on the completion of its projects under development and on the growth of its real estate investments which align with its strategy of sustainable development. Barwa had announced earlier selling two of its assets in Qatar and Egypt in order to reduce loans, which it said will be reflected on the group business, financial statements and future policies.
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