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.