Doha – Mubasher: Barwa Real Estate Company announced a drop of 26.4% in its profits for the first quarter of 2017, compared to the same period in 2016.
Profits amounted to QAR 479.43 million ($131.54 million) in Q1-17, compared to QAR 651.46 million ($178.74 million) in Q1-16, according to the company’s statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) stood at QAR 1.23 in Q1-17, compared to QAR 1.67 in the corresponding period in the year before.
The real estate company had previously reported a decrease of 47.5% in its profits reaching QAR 1.605 billion in 2016, compared to QAR 3.056 billion in 2015.
