KUWAIT: United Real Estate Company(URC) yesterday announced that the company achieved a net profit of KD22.5 million for 2012, an increase of 122% compared to the previous year net profit. Tariq Mohammed Abdul Salam, Chairman of URC said, “We are very proud to have achieved these excellent results. They are a reflection of the success of the company’s overall business strategy in the past year in assessing and managing our high value assets more effectively to achieve greater value and returns for the company and its shareholders. With the highly appreciated efforts of the executive management team, we shall continue to apply this strategy for the upcoming years.”
Chief Executive Officer of URC, Eng. Mohammed Ahmed Al-Saqqaf commented, “We are pleased with this year’s outstanding results and look forward to continuous achievements that will strengthen URC both operationally and financially.
Read more: http://news.kuwaittimes.net/2013/02/19/united-real-estate-posts-record-profits-for-2012-net-profit-rises-122-to-kd22-5m/
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