Union_Properties

UP says full-2013 earning surged more than eight-fold

: Tuesday, February 04 - 2014 @ 10:09

Dubai-based property developer, Union Properties has said its net profit jumped more than eight-fold to Dhs1.58bn ($430.2m) in 2013 from Dhs175.8m in the previous year, Reuters has reported. The company, which did not give a reason for the increase, said it was recommending a 5% bonus share dividend to shareholders for 2013.

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Tuesday, February 4- 2014 @ 10:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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