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

February 4, 2014 10:09 am

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.