Barwa Real Estate Company Q.P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 09, 2022
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Barwa Real Estate Company Q.P.S.C. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was QAR 442.42 million compared to QAR 442.44 million a year ago. Net income was QAR 228.94 million compared to QAR 189.56 million a year ago. Basic earnings per share from continuing operations was QAR 0.059 compared to QAR 0.049 a year ago. Diluted earnings per share from continuing operations was QAR 0.059 compared to QAR 0.049 a year ago.
Barwa Real Estate Company QPSC is a Qatar-based public shareholding company, which is engaged in the real estate operations and development. The Company is active in the following business segments: Real Estate, which develops, sells and leases condominiums, villas and plots of lands; Business Services, which provides business support services, as well as Financial Institution and Other Services, which comprises banks, financial and other institutions. Along with its subsidiaries, the Company focuses on the domestic and international real estate development business, investments, hotels ownership, project consulting, advertisement, brokerage services and others. The Company operates through the acquisition, reclamation, development and reselling of lands to establish agricultural, industrial and commercial projects, as well as in the real estate administration inside and outside the State of Qatar.