Mubasher: The financial statements of Barwa Real Estate showed an 18.6% year-on-year growth for the first quarter of 2018.

Profits amounted to QAR 405 million in Q1-18, compared to QAR 479 million during Q1-17, according to a filing to the Qatar Stock Exchange (QSE) released late Tuesday.

Meanwhile, profits including minority shareholders reached 407.2 million in Q1-18, versus QAR 482.9 million in the year-ago period.

Earnings per share (EPS) declined to QAR 1.04 for the period ended 31 March 2018, versus QAR 1.23 for the same period of the previous year.

For the full-year 2017, Barwa’s profits levelled up 6.2% to QAR 1.7 billion, from QAR 1.6 billion in 2016.

Barwa’s stock rose 1.11% to QAR 36.67 at Wednesday's close on the QSE.