Loading ...News
UP posts AED152.3 million net loss for Q3
Dubai-based developer Union Properties (UP) has posted a AED152.3 million net loss for the third quarter...
.....................................................................
Related articles:
-
Raking up the projects
Ras Al Khaimah has said that it is planning to ... -
Status update: This could get you arrested
Under a controversial new law in India, Facebook updates and ...
Related modules:
-
The ups and downs of Sulaiman al-Fahim
The Abu Dhabi-based businessman has reportedly been issued an arrest ...
Related news:
-
Union Properties receives offers for Ritz Carlton hotel
The developer is hoping to sell the hotel for about ... -
Du’s revenue up 35 percent in 2009
The telecom operator announced that its net profits reached AED528 ...
Nov 15th, 2009
Dubai-based developer Union Properties (UP) has posted a AED152.3 million net loss for the third quarter, according to a company statement to the Dubai bourse on Sunday. Net profit for the same period last year was AED224.7 million.
The developer also posted a 70 percent increase in quarterly revenue to AED1.3 billion and a 57 rise in costs to AED1.08 billion.
UP increased provisions for the quarter to AED125 million in a bid to cover potential losses.
Previous Story Next Story
