Page 39 - UP PR REPORT - February 2025
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2/14/25, 11:10 AM Union Properties achieves exceptional financial results in fiscal year 2024
Eng. Amer Khansaheb, Chief Executive Officer and Board Member at Union Properties PJSC. Image Courtesy: Union Properties
Union Properties achieves exceptional financial
results in fiscal year 2024
Achieved Comprehensive income of AED 395mln
Press Release
February 13, 2025
The company recorded 59% per cent growth in operating profits
The success reflects the robust performance of its subsidiaries, effective debt restructuring, and
increased demand on its real estate projects
Dubai, UAE: Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP),
released its outstanding audited financial results for the fiscal year 2024, recording an operating profit of
AED 161.8 million, with an annual growth rate of 59% percent, and a total comprehensive income of
AED 395 million. Additionally, revenue generated from customer contracts increased to AED 528.7
million, up from AED 508 million in 2023, underscoring the robust operational performance and strategic
growth of the Company and its subsidiaries.
https://www.zawya.com/en/press-release/companies-news/union-properties-achieves-exceptional-financial-results-in-fiscal-year-2024-h31y7ocp 1/3
