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Barwa Real Estate posts QR1114m net profit for 2021

Barwa Real Estate Group posts QR190m net profit for Q1

Barwa Real Estate Group posts QR190m net profit for Q1  21 Apr 2021 - 9:28 The Peninsula Barwa Real Estate Group, the leading real estate and investment company in Qatar and the region, announced yesterday that the company attained a net profit attributable to the shareholders of the parent company of QR190m for the quarter ending March 31, 2021, with an increase of 7 percent compared to the same period of the previous year. The total assets of the Group reached the value of QR34bn, and the total equity of the shareholders of the parent company reached the value of QR20bn. As a result of the Group’s success in developing a balanced real estate portfolio that helps to cope with market fluctuations, and despite the effects of the COVID-19 pandemic on the global economy, the Group has succeeded in boosting rental income and increasing it by 45 percent, which is a large percentage that reflects the size of planning and effort made at all levels within the Group to enhance susta

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