UDC 2012 Net Profit Drops 80.26% to QR 730.3 Million

Doha, February 07 (QNA) - United Development Company's (QE: UDCD) audited net profit for the year ended December 31, 2012 of QR 730.3 Million is a drop by 80.26% over the figure of QR 3.7 Billion achieved in 2011. The company's Earnings per Share amount to QR 2.17 in 2012 compared to QR 16.32 in 2011, according to a Qatar Exchange notification Thursday. The company's board has recommended the distribution of 10% cash dividends at the share's per value. (QNA)