Union Properties posts Dh62.33 million net profit
Dubai: Union Properties, the UAE real estate developer with a 30-year track record, reported a net profit of Dh62.33 million for 2018. This marked a 19 per cent increase in the company’s annual income over 2017. In 2017, the company registered a loss of Dh2.37 billion. Meanwhile, shareholder equity surged by Dh452 million compared to 2017.
The reported profit speaks to Union Properties’ amazing performance. It also speaks to the new management’s vision to achieve profitability within one year. The company said all of this in a statement.
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