Abu Dhabi based developer Al Qudra Holding reported a 96% rise in its net profits for 2015.
The company achieved a net profit of $56m (AED206m) for 2015, as compared to $28.5m (AED105m) net profits in 2014.
Total revenue also increased to $432,871 (AED1.59m) for FY2015 as compared to $421,981 (AED1.55m) in FY2014.
Commenting on the results, vice chairman of Al Qudra Holding, Khalifa Yousef Khouri, said: “We aim to be the preferred and best investment partner globally and are steadily working towards our goal.”
The board concluded that Al Qudra Holding will continue to support investment and development initiatives by launching different projects aimed at enhancing the global positioning that the Emirate have achieved especially in view of the success witnessed in the past few years, and will be complimented by the completion of several projects in 2016.
The shareholders have also welcomed the 8% cash dividend distribution for the year 2015, in comparison with the 7% dividend for the year 2014.