UDC Posts QR 298.7 Million Net Profit

Doha, August 02 (QNA) -The United Development Company (UDC) disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 298.7 million in comparison to QR 346.8 million for the same period last year, the company said in a statement. The company's Earning per Share (EPS) amounted to QR 0.89 as of June 30, 2012 versus QR 1.54 for the corresponding period in 2011. United Development Company PSC (UDC) is a leading Qatari shareholding company with a mission to identify and invest in long-term projects contributing to Qatar's growth and providing good shareholder value. Established in 1999, the company was listed on the Qatar Exchange in June 2003. (QNA)