Barwa Real Estate, Qatar's largest listed property developer, said third quarter net profit more than doubled, as gains booked on the fair value of investments offset higher operating and finance costs.
Barwa, which is eyeing asset sales worth $4.4 billion to pay down loans, made a net profit of 185.4 million riyals ($50.92 million)in the third quarter, compared with 80.8 million riyals in the same period of 2011, it said in a bourse filing on Tuesday.
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