Dubai developer Union Properties reports Dh32.4 million H1 net profit
Company witnessed a 32% decline in costs in H1
Source: gulfnews.com
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Union Properties posts $8.8m H1 profit
Union Properties, a leading Dubai real estate developer, announced a total profit of AED32.4 million ($8.82 million) for the six months ended June 30, 2021, compared to a loss of AED160.4 million for the same period last year.
Source: tradearabia.com
Union Properties PJSC Profits Rose 483% in Q2 of 2021, Compared to Q1
Union Properties PJSC, Dubai's iconic real estate developer listed on Dubai Financial Market announced its consolidated financial results
Source: dubaichronicle.com
Union Properties report Dh5.6 million Q1 net profit
Significant cost savings and group synergies boosted company's profits
Source: gulfnews.com
Union Properties swings to first-quarter profit on lower costs
SHARE Dubai-based developer Union Properties swung to a first-quarter profit on the back of lower finance costs as the economy recovers from the coronavirus pandemic. Net profit for the three months ending March 31 reached Dh5.6 million ($1.52m), compared with a loss of Dh121.9m during the same period last year, the company said in a statement to the Dubai Financial Market, where its shares trade. Finance costs during the period fell 42 per cent to Dh22.6m and direct costs dropped 6 per cent to Dh77.7m. Administrative and general expenses also fell 15 per cent to Dh25.3m. “Our results ... r...
Source: thenationalnews.com