Real estate related news and press releases covering MENA region.
Qatar developer Ezdan doubles 2011 profit to QR345.4m
Mar 21, 2012
Qatari developer Ezdan Real Estate has more than doubled its net profit to QR345.43m in 2011 on strong operating parameters, Gulf Times has reported. Rental revenues rose 38% to QR611.84m and other operating revenues by 15% to QR11.11m, the firm said. Construction revenues more than doubled to QR30.58m, but expenses towards it also more than doubled to QR30.28m. Gross profit on construction also more than doubled to QR0.31m, it said.