Net profit of Union Properties up

Published July 20th, 2005 - 12:09 GMT
Al Bawaba
Al Bawaba

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.