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27-02-14

Qatar's UDC revenue hit USD570m in 2013

(MENAFN) United Development Company (UDC) said that its revenue last year hit USD570 million, the Peninsula Qatar reported. Net profit during the year came at USD112.2 million, while net profit attributable to owners of the company hit USD88.6 million. UDC Chairman said: "It is our endeavour to remain focused on our vision for expansion and operational excellence. We are confident of our ability to live up in our future achievements to the expectations of the shareholders, under a new management devoting its efforts and expertise to this end."