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Union Properties sees $62m Q2 loss

During the first half of the year, the developer saw...

August 15, 2009 6:16 by



Dubai- based property developer Union Properties (UP) has posted a loss of AED227.95 million in the second-quarter of the year, as compared to a profit of AED317.7 million in the same period in 2008.

The company made a loss of AED197.8 million in the first half of the year, compared with a profit of AED556.1 million last year, UP said in a statement.




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1 Comment

  1. marhabahome on August 17, 2009 7:00 am

    Nice News.It shows their dynamisim even during the time of recession.

     

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