DOHA, QATAR – United Development Company (UDC) reported a net profit of US$63 million (QR 230,150,000) in the first nine months of 2023.
UDC is a Qatari public shareholding company and the master developer of The Pearl and Gewan Islands.
UDC had posted a net profit of US$57 million (QR 208,544,000) for the corresponding period of the previous year.
The company said that the Earnings per Share (EPS) amounted to QR 0.065 as of September 30, 2023.
The EPS in the first nine months of 2022 was QR 0.059.
UDC activities cover a multitude of vital investment sectors including real-estate development, property management, infrastructure and utilities, district cooling, maritime and hospitality related businesses.