UDC Net Profit in 2016 Drop 9.6% to QR 623 Million

Board of Directors recommended distributing a dividend of QR 1.25 per share.   

 

February 07, 2017

 

United Development Company (UDC) disclosed its financial statements for the period ended on 31.12.2016. The statements show that the net profit is QR623 million compared to net profit amounting to QR689.6 million for the same period of the previous year.

 

Earnings per Share (EPS) amounted to QR1.76 for the period ended December 31, 2016 compared to EPS amounted to QR1.95 for the same period of the previous year.

 

The Board of Directors of the company recommended distributing a cash dividend of QR 1.25 per share.