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FINANCIAL NEWS
Qatar’s UDC revenue grow by 8 percent
15 Feb 2016
(MENAFN) United Development Company (UDC), a leading Qatari shareholding Co. proclaimed its net income for 2015 at USD 193.78mn compared to USD 178.84mn in 2014.
Accordingly, the financial results for the cited year reflect positive performance and achievement, driving the firm to offer dividend distribution of USD 0.39 per share.
The increase in the Company’s revenue is coupled with the increase in the earnings per share, which reached USD 0.51mn for 2015, a growth of 10 percent.
In addition, the firm’s targets investment chances in real estate, urban development and infrastructure with high returns to shareholders.
More News
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