United Real Estate Company K.S.P.C (URC) Announces its Financial Results for the First Half of 2020

by URC | Aug 13, 2020 | Press Release EN

Kuwait City, Thursday 13 August 2020 – United Real Estate Company K.S.C.P (URC), a leading real estate developer in Kuwait and the MENA region, announced its financial results for the year for the First Half of 2020.

During the first quarter ending on 31 March 2020, the Company achieved a growth in its operating revenues by 39.49%, reaching KD 34.4 million, as compared to the same period in 2019, which amounted to KD 24.7 million. The Company also recorded a net profit for the first quarter of 2020, which amounted KD 1.67 million as compared to KD 781 Thousand to the same period in 2019, at an increase of 113.64%.