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Qatar's UDC with lower net profit, shares dip
- Qatar: Thursday, February 07 - 2013 at 14:57
The QE 20 Index closed 0.13% at 8,757.59 points. Over the week, the Doha-based market measure edged up by 0.37%. United Development Company or UDC, the real estate firm behind the man-made The Pearl Qatar declined 1.66% to QR17.80. Earlier in the day, UDC said its net profit in 2012 fell to QR730.3m, down from QR3.7bn. The shares of Qatar Electricity and Water declined 0.66% and finished at QR141.40. The utility giant said its 2012 net profit rose to QR1.436bn up from QR1.299bn. The company's EPS amounted to QR14.36 in 2012 compared to QR 13.0 in 2011. The company's board said it recommends the distribution of a 73% cash dividends of the share's par value or QR7.3 per share).
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Gérard Al-Fil, Financial JournalistThursday, February 07 - 2013 at 14:57 UAE local time (GMT+4)
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