Page 24 - UP PR REPORT - February 2025
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2/18/25, 10:31 AM UAE: Union Properties sees growth in operating profit; new projects unveiled
United Arab Emirates dirham banknotes issued by the United Arab Emirates Central Bank. Photographer: Jason Alden/Bloomberg. Image
used for illustrative purpose. Getty Images
EARNINGS
UAE: Union Properties sees growth in operating
profit; new projects unveiled
Basic and diluted earnings per share (EPS) dropped to AED 0.06 last year from AED 0.19 in
2023
Staff Writer, Mubasher
February 18, 2025
Dubai: Union Properties witnessed lower net profits at AED 275.63 million in 2024, compared to AED
837.61 million in 2023, according to the financial statements.
Basic and diluted earnings per share (EPS) dropped to AED 0.06 last year from AED 0.19 in 2023, while
the revenues increased to AED 528.75 million from AED 508 million.
Operating profit jumped by 59% year-on-year (YoY) to AED161.80 million as of 31 December 2024.
https://www.zawya.com/en/special-coverage/corporate-earnings/uae-union-properties-sees-growth-in-operating-profit-new-projects-unveiled-ujk4tc15 1/2
