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FINANCIAL NEWS
Qatar’s UDC records USD96.91mn net profit
19 Jul 2016
(MENAFN) United Development Co. (UDC) has delivered a net profit of USD96.91mn for the first half of this year, while the net profit attributed to the holders stood at USD91.14mn.
Moreover, USC’s shares climbed 2.17 percent, despite challenging market conditions, whereas the firm’s resilient business model enabled it to get results of this year.
Accordingly, the firm will achieve recurring revenue and will continue offering stakeholders with attractive investment products and services to identified market needs.
The firm’s strategy turned successful with the sales of a tower plot in Viva Bahriya precinct, sale of different plots in Giardino Villas as well as the signing of MOU.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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