United Development’s Profits Up 5.3%
United Development Company announced Monday its financial results for the first three quarters of 2015. The net profit of the company grew 5.3% year-on-year.
The profits for the period was QR619.8 million, compared QR588.7 million in the first three quarters of 2014. The company benefited from a decrease in the cost of revenue, reporting QR454 million compared to QR638 million during the same period of last year.
The company’s equity also grew to QR11.26 billion, compared to QR11.11 billion during the same period of last year.
Source: Qatar news agency