Group net profit jumped Barwa by 84% over the past year to reach 1405 million riyals compared to 766 million riyals in 2009,
As stated by the Qatar News Agency. A press release said the group that earnings per share for last year 2010 amounted to 4.06 riyals per share, compared with 2.92 riyals per share for the year 2009, an increase of 39% despite an increase in the company's capital through the process of acquiring all the shares of the company's national real estate investments (real estate). He added that the company's total assets increased to about 74 billion riyals, compared to about 35 billion for the year 2009, an increase of 111%, and total revenue of 3 billion riyals in 2009 to 8 billion riyals last year. He attributed the reason for increasing profits in 2010 primarily to increased rental revenues and services and income resulting from an unconditional exemption from the obligations and benefits of re-evaluation of real estate investments and gains a bargaining chip to buy subsidiaries.
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