United Development Company (UDC) ), the master developer of The Pearl-Qatar and Gewan Island, has reported a net profit of QR57mn on revenues of QR296mn for the first quarter of 2020.
The net profit attributable to the equity shareholders stood at QR49mn and basic earnings per share was QR.014, UDC said in a statement yesterday.
UDC is a leading Qatari public shareholding company with a mission to identify and invest in long-term projects contributing to Qatar’s growth and providing shareholder value.
Established in 1999, the company was first listed on the Qatar Exchange in June 2003. It has an authorised share capital of QR3.5bn and total assets of QR18bn as of March 31, 2020.
UDC activities cover a multitude of vital investment sectors, including real estate development, property management, infrastructure and utilities, maritime, and hospitality-related businesses.