UDC Reports QR 209.4 Million in Net Profit

Doha, April 22 (QNA) - United Development Company disclosed the interim financial statement for the three month period ended March 31, 2013. The financial statements revealed a net profit of QR 209.4 Million in comparison to QR 138.3 Million for the corresponding period in 2012, the company said in a statement. The Earnings per Share (EPS) amounted to QR 0.62 as of March 31, 2013 versus QR 0.41 of the same period in 2012. United Development Company (UDC) was established in July 1999 as one of the leading private sector shareholding companies in the State of Qatar and the Middle East, and has been listed in Qatar Exchange since June 2003. UDC identifies and invests in long-term projects in sectors including hydrocarbons and energy, infrastructure and utilities, maritime and environmental-related businesses, residential and commercial real estate development. (QNA)