Barwa First-Half Profit Falls 21% to 593.6 Million Riyals

Barwa Real Estate Co. (BRES), Qatar’s second-largest property developer by market value, posted a 21 percent decline in first-half profit.

Net income dropped to 593.6 million riyals ($163 million) from 752.5 million riyals a year earlier, the company said in a statement to the Qatar Exchange today.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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