Dubai developer Union Properties puts another tick in comeback - net profit for Q1-2023
Dubai company maintains late 2022 momentum in return to profit
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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%.
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Developer also revealed plans on its turnaround strategy during its AGM