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ABU DHABI / WAM
During the company’s annual general meeting, Al Qudra Holding presented the full activity report for the financial year ending December 31, 2015, and revealed the great achievements the company has accomplished on all levels. This meeting was attended by board members and presided by the Vice Chairman of Al Qudra Holding, Khalifa Yousef Khouri.
Commenting on the results, Khouri said: “We aim to be the preferred and best investment partner globally and are steadily working towards our goal, and that is evident by the increase in total revenue from Dh 1.557 million in 2014 to Dh 1.598 million in 2015.â€
The company achieved net profit of Dh 206 million for 2015, compared to Dh 105 million net profits in 2014, which reflected on the net revenue per share that surged to 34.4 fils per share in 2015, with an increase of 96% compared to 17.6 fils per share in 2014â€.
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 and the country have achieved especially in view of the success witnessed in the past few years and which will be complimented by the completion of several projects in 2016.