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UDC Net Profit Drops by 20% to QR 176 Million in the
First Quarter of 2019
April 24, 2019
United Development Company (UDC) disclosed its financial statements
for the period ended 31/3/2019, showing a net profit of QR 176
million, down 20% compared to a net profit of QR220 million for
the same period last year.
The company’s earnings per share amounted to QR 0.48 for the fiscal
year ended 31/3/2019, versus QR 0.61 for the corresponding
period of 2018.
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