Dubai: Qatar’s Barwa Real Estate, one of the Gulf Arab state’s largest listed developers, reported a near-trebling of second-quarter net profit on Monday, according to Reuters calculations. Barwa made a net profit of 550 million riyals ($151.1 million) in the three months to June 30, Reuters calculated based on previous financial statements in the absence of a quarterly breakdown. This compares with a profit of 193 million riyals in the prior-year period, Reuters data shows.
Barwa made a net profit of 1.20 billion riyals in the first half of 2016, compared with 3.45 billion riyals in the corresponding period of last year, a bourse statement showed.
