Mubasher: United Development Company (UDC) on Wednesday reported a profit decline during the third quarter of 2018.

Net profits amounted to QAR 358 million in Q3-18, compared to QAR 436 million in Q3-17, according to a filing to the Qatar Stock Exchange (QSE).

Earnings per Share (EPS) amounted to QR 1.09 for the three-month period ended September, from QAR 1.23 for the same period of the previous year.

By the end of Wednesday’s session, UDC’s stock grew 0.64% at QAR 14.05%.