Doha – Mubasher: United Development Company posted on Monday a rise of 42% in its profit of the fourth quarter for the fiscal year 2015, compared to the same period of 2014.
Net profit reached QAR 96.64 million in Q4-15, versus QAR 66.67 million in the same period of 2014, according to a bourse filing.
In 2015, the company’s annual profit rose by 10.2% to QAR 689.64 million from QAR 625.67 million in 2014.
Earnings per share came to QAR 1.95 last year against QAR 1.77 a year earlier.
The Qatar listed company’s board of directors proposed cash dividends at 15% of the share’s par value or QAR 1.5 per share, totalling QAR 531.13 million.
United Development’s nine month profit rose 6.5% to QAR 595 million in 2015, compared to QAR 559 million in the same period of 2014.
