Net profit of Union Properties up
Real estate developer Union Properties posted a 43 per cent rise in net profit for the first six months to June, helped by an increase in real estate value, it said in a statement to the Dubai Financial Market Tuesday.
Net profit in January-June went up to Dh59.4 million while operating profit climbed 61 per cent to Dh56.8 million. Revenue grew 38 per cent to Dh370.3 million.
- Union Properties recorded $19 million in profits for 2001
- First Gulf Bank achieves solid performance with Q3’2013 Net Profit up 12.8% to AED 1,190Mn; 9 Months Net Profit up 13.2% to AED 3,402Mn
- Union Properties Company reports climb in profits
- Union National Bank recorded $66 million in net profits for 2001