- 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, 13 February, 2025,
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.
UAE News 24/7 