United Development Company (UDC) has reported a net profit of QR126 million in the third quarter of 2005, or more than 11 times higher than the results achieved in the corresponding period last year.
The net profit during the corresponding period last year was QR11 million, said UDC Chairman Hussain Ibrahim Alfardan in a statement recently.
UDC managing director Khalil Sholy said “As the year progresses, with more land reclamation and sales and work on The Pearl-Qatar, as well as our dredging and reclamation and district cooling interests, we foresee continued strong results.”
