Union Properties Q4-15 profits skyrocket 788%

Dubai-Mubasher: Dubai-listed Union Properties (UP) reported a 788% profit surge to AED 276.43 million ($75.3 million) in the fourth quarter of 2015, compared to AED 31.12 million ($8.47 million), according to a bourse filing on Monday.

In the fiscal year 2015, profits dropped 49.76% to AED 434.6 million from AED 865 million in the fiscal year 2014.

 

Mubasher Contribution Time: 01-Feb-2016 05:51 (GMT)