Doha – Mubasher: United Development Company announced on Thursday that its board of directors will gather on 18 July to discuss and adopt the financial statements for the first half of the fiscal year 2016, according to a bourse filing.

The company earlier posted a net profit of QAR 258.9 million in Q1-16, 1.1% down from QAR 261.8 million in Q1-15.

The stock ended Wednesday’s trading rising 0.2% to QAR 19.4.