Doha- Mubasher: Qatar’s Barwa Real Estate Company posted on Monday net losses of QAR 514 million in the fourth quarter of the fiscal year 2015, against a net profit of QAR 2.11 billion in the same period of 2014.
Annual profit rose 10% to QAR 3.07 billion in 2015, versus QAR 2.79 billion in 2014, according to a bourse filing.
The company’s board of directors recommended cash dividends at 22% of the share’s par value, equivalent to QAR 2.2 per share.
The Qatar listed company earlier reported a net profit of QAR 3.5 billion in the first nine months of 2015, 420% up from QAR 673 million in the same period of 2014.
