Page 7 - Union Properties News Today

Union Properties, Amlak are starting to show numbers that help with a turnaround

Correction

Get latest articles and stories on World at LatestLY. Union Properties maintained strong positive momentum during the first quarter of 2023 as it continued to successfully implement its turnaround strategy. The company reported a net profit of AED 12.3 million in Q1 2023 compared to a net loss of AED 12.5 million during the same period last year. World News | Union Properties Delivers Net Profit of AED 12.3 Mn in Q1 2023.

Revenue from contracts with customers increased to $33.26mln in Q1 2023, up 16% compared to the same period last year

Dubai [Abu Dhabi], May 11 (ANI/WAM): Union Properties PJSC (Union Properties) announced its consolidated financial results for the quarter ended March 31, 2023.

Dubai company maintains late 2022 momentum in return to profit

Union Properties maintained strong positive momentum during the first quarter with a net profit of AED12.3 million ($3.3 million) compared to a net loss of AED12.5 million ($3.4 million) last year. Thanks to its turnaround strategy, its revenue grew 16%.

From humble beginnings to offering 'all under one roof' services, Abdul Aziz, Managing Director at KNOX Technical Services shares his journey, milestones, ..

This is why deals involving Network International or Sukoon-Ascana are happening now

Developer also revealed plans on its turnaround strategy during its AGM