Doha, Qatar — Qatar-based Barwa Real Estate Company has reported a 2.86 percent increase in its net profits for Q1 of 2023 to QR235 million ($64.55 million) from QR228 million for the same period of the previous year.
This translates to earnings per share (EPS) of QR 0.061 as of 31st March, compared to QR 0.059 for the same period in 2022.
During the financial year 2022, the company’s profit grew by 2.18 percent, reaching QR1.138 billion, compared to QR1.113bn in 2021. The earnings per share marginally increased to 0.292 riyals in 2022, compared to 0.286 riyals in the previous year.
For the first quarter of 2023, Lesha Bank announced a net profit of QR22 million, compared to 21 million the previous year. The earnings per share (EPS) amounted to QR 0.020, compared to QR 0.022 for the same period in 2022.
Qatar Fuel Company recorded a 15 percent decrease in net profit to QR223 in Q1 2023 compared to more than QR262 million for the same period of the previous year.