UDC announces QR57m net profit for first quarter 22 Apr 2021 - 9:28 The Peninsula United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Island, announced yesterday net profit of QR57m on revenues of QR351m. The net profit attributable to the equity shareholders stood at QR46m with basic earnings per share of QR0.013. UDC Chairman, Turki bin Mohammed Al Khater said: “UDC is moving steadily in 2021 to achieve good revenues and profits although of the challenging real-estate market”. Al Khater added: “We will endeavor to continue delivering across all our projects while remaining committed to our overall development plans which will ensure UDC’s sustainable growth and the creation of new opportunities and revenue sources over the long term.