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UDC profit reaches QAR 262m in Q1

UDC profit reaches QAR 262m in Q1
Photo Credit: Arabianeye-Reuters
United Development
UDCD
-0.26% 1.13 -0.00

Doha-Mubasher: United Development Company (UDC) posted a profit of 261.8 million ($71.9 million) in the first quarter of 2015, compared to QAR 241.4 million ($66.3 million) in Q1-14, registering a rise 8.5%.

Earnings per share advanced to QAR 0.74 in Q1-15 from QAR 0.68 in Q1-14, according to a filing to Qatar Stock Exchange.

The company reported a profit growth by 65.3% to QAR 676 million in 2014, compared to QAR 409 million in 2013.