Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- UDC posts 57pc rise in Q1 results  Join our daily free Newsletter

MENAFN - The Peninsula - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) United Development Company (UDC), one of the leading Qatari shareholding companies and master developer of The Pearl-Qatar, yesterday announced the financials for the first quarter ending March 31, 2014 and posted a net profit of QR360m, up 57 percent, compared to QR229m for the corresponding period last year.

The net profit attributable to owners of the company stood at QR352m, with earnings per share reaching QR0.99 for Q1 2014 compared to QR0.59 in the same period of 2013, witnessing an increase of 68 percent from Q1 2013 figures. The gross profit for Q1, 2014 was reported at QR307m compared to QR277m for the same period last year.

Turki Al Khater (pictured), Chairman of UDC, said: "I am pleased with our revenue performance as we continue to invest in our capabilities and grow our ranks with the aim of enhancing our market position while we pursue our long-term strategic initiatives."

Al Khater, who had predicted during last month's annual general assembly that the results in 2014 will improve drastically starting with the first quarter results, added that the company is fortunate to be operating in a highly visionary and rapidly developing country, and that this backdrop presents multiple opportunities for continuing the sound financial performance.

 


The Peninsula




  MENA News Headlines
 Jul 2 2015 - Saudi retail industry records USD98b salesMENAFN
(MENAFN) Saudi Arabia retail industry recorded USD98 billion in sales for 2011, ranking the country as the second-best retail marketplace in the Gulf Cooperation Council (GCC) after the UAE, The ...

 Jul 2 2015 - Custodian of the Two Holy Mosques visits Quba Mosque in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud visited Quba Mosque in Madinah on Wednesday evening.The King was accompanied by Prince Khalid bin ...

 Jul 2 2015 - Crown Prince arrives in JeddahSaudi Press Agency
(MENAFN - Saudi Press Agency) Crown Prince Mohammed bin Naif bin Abdulaziz, Deputy Premier and Minister of Interior arrived in Jeddah from Madinah on Wednesday evening.He was received at King ...

 Jul 2 2015 - Vodafone Qatar records USD633.56m revenue for 2014-15MENAFN
(MENAFN) Qatar's Vodafone posted USD633.56 million revenues for the fiscal year 2014-15, marking a 9 percent growth in customer subscriptions, according to the company's vice chairman, Gulf Times ...

 Jul 2 2015 - Jordan's Zarqa exports hit USD42.17m in MayMENAFN
(MENAFN) Jordan' exports, certified from the Zarqa Chamber of Commerce at the Free Zone in Zarqa, reached an overall value of about USD42.17 million in May, Jordan News Agency reported.Vehicles and ...

 Jul 2 2015 - Saudi Al-Haramain Train project worth USD2.502b, largest in MideastMENAFN
(MENAFN) Saudi Arabia's Al-Haramain Train project, considered as the largest transportation scheme to ever be developed in the Middle East, surpassed a total value of USD2.502 billion for its four ...

 Jul 2 2015 - UAE condemns terrorist attacks in North SinaiThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Ministry of Foreign Affairs has condemned the terrorist attacks which took place in North Sinai today and resulted in martyrdom of several Egyptian army ...

 Jul 2 2015 - UAE grants USD9.79b for infrastructure in developing countriesMENAFN
(MENAFN) The United Arab Emirates is set to offer a total of USD9.79 billion for infrastructure in certain developing countries, according to the Minister of International Cooperation and Development ...

 Jul 2 2015 - Abdullah bin Zayed meets with Scotland's former First MinisterThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, today met with Scotland's former First Minister, Alex Salmond. During the meeting, they reviewed ...

 Jul 2 2015 - Human Appeal International prepares thousands of food parcels in PalestineThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Human Appeal International (HAI) has begun the implementation of food parcels project for the underprivileged families in the Palestinian Governorates, as ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help