UDC's Net Profit Jumps 23.4% in H1 2022

United Development Company

United Development Company (UDC) disclosed the interim financial statement for the six-month period ending June 30, 2022.

The financial statements revealed a net profit of QR 167,600,000 compared to a net profit of QR 135,781,000 for the same period of the previous year, the Qatar Stock Exchange website reported.

The Earnings per share (EPS) amounted to QR 0.047 as of June 30, 2022, versus EPS of QR 0.038 for the same period in 2021.

UDC was established in 1999, and has an authorized capital of QR 3.5 billion.

(QNA)