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Islamic Finance Briefing - Categorized | Finance, Performance more

Barwa’s first-half net jumps 33pct after state support

Posted on 17 August 2010

From Bloomberg: Barwa Real Estate Co. reported a 33 percent increase in first-half profit as the largest Qatari developer by assets received help from the gas-rich country’s government to repay some Islamic finance obligations.
Net income rose to 498.4 million riyals ($137 million), or 1.63 riyals a share, from 374.2 million riyals, or 1.43 riyals, in the year-earlier period, the company said in a statement to the Qatar Exchange website today……………………………………….Full Article: Source

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