Mubasher: Barwa Real Estate achieved an increase of 73% in profits during the fourth quarter of 2018 compared to the same period last year.

Earnings soared to QAR 827 million ($229.2 million) in Q4-18 compared to QAR 478 million ($132.5 million) in Q4-17, according to a bourse disclosure.

During FY18, Barwa Real Estate recorded a rise of 12.4% to QAR 1.91 billion from QAR 1.7 billion in the prior fiscal year.

The board members of Barwa Real Estate recommended 25% of the capital as a cash dividend for FY18 or QAR 2.5 per share.