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FINANCIAL NEWS
Qatar’s UDC posts QR681mn revenue
08 Feb 2017
(MENAFN) United Development Co. (UDC), Qatar’s pioneering developer posted a net profit of QR681mn for the year ended Dec 2016.
Moreover, the firm also reported an increase in profit by 66 percent and proposed dividend distribution of QR1.25 per share.
Last year, UDC has seen an increase in the firm”s income and operating profit, associated with UDC’s strategic emphasis on producing value to shareholders.
The firm is committed to working hard in order to offer long-term value for their shareholders as it remains focused on boosting its business and making profitable investment chances.
MENAFN0802201700450000ID1095241161
MENAFN0802201700450000ID1095241161
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