Qatar's Barwa real estate 9M profit jumps 420%

The company did not state its quarterly revenue or provide further details to explain the profit jump

Barwa made a net profit of $933.6m (QAR3.5bn) in the nine months to September 30.
Barwa made a net profit of $933.6m (QAR3.5bn) in the nine months to September 30.

Developer Barwa Real Estate, one of Qatar's largest listed developers, reported a huge jump in net profit for the first nine months of 2015.

Barwa made a net profit of $933.6m (QAR3.5bn) in the nine months to September 30 - comapred to $184m (QAR673m) for the previous year, it said in bourse statement.

The company did not state its quarterly revenue or provide further details to explain the profit jump, reported Reuters.

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