Doha – Mubasher: Mazaya Qatar Real Estate Development unveiled that its profits for the second quarter of 2016 grew 2.3%.

The Qatari firm reported net profits of QAR 34 million ($9.33 million) for the second quarter of 2016, up from QAR 33.24 million ($9.12) for the same period a year earlier.

As for the first half of 2016, Mazaya profits grew 2.3% to QAR 60.69 million up from QAR 59.3 million for the comparable period of the preceding year.

The company’s earnings per Share (EPS) amounted to QAR 0.550 in the first half of 2016, compared with QAR 0.538 for the similar period of the previous year.