Page 51 - UP PR REPORT - February 2025

Union Properties achieves

exceptional financial results

in fiscal year 2024, achieved

Comprehensive income of

AED 395 million

February 13, 2025
10

• 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.
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://mid-east.info/union-properties-achieves-exceptional-financial-results-in-fiscal-
year-2024-achieved-comprehensive-income-of-aed-395-million/