UDC reports QR356m net profit for 2021 – The Peninsula Qatar

UDC reports QR356m net profit for 2021 – The Peninsula Qatar

Doha: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, announced yesterday net profit of QR356m and revenues of QR2bn for the year 2021. The net profit attributable to equity shareholders stood at QR326m, and basic earnings per share amounted to QR.092 with proposed dividends of 5.5 percent.

Commenting on these results, UDC Chairman, Turki bin Mohammed Al Khater said: “Our unwavering commitment to project delivery and future project developments have underlined our sustainable financial results for 2021.”