403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Dubai's Union Properties posts USD7.6m profit in Q1
(MENAFN) Dubai-based Union Properties recorded a profit of USD7.6 million in the first quarter of the year, marking a huge slump from USD48.96 million last year, Gulf News reported.
In addition, the total income for the whole period went down to USD70.38 million from USD110.12 million recorded in the previous year. The results mark the company's poor performance.
"UP should consider strategic tie-ups to rebuild its revenue stream rather than focus exclusively on long-gestation period projects in Saudi Arabia or smaller ones in the other emirates," an official said.
In addition, the total income for the whole period went down to USD70.38 million from USD110.12 million recorded in the previous year. The results mark the company's poor performance.
"UP should consider strategic tie-ups to rebuild its revenue stream rather than focus exclusively on long-gestation period projects in Saudi Arabia or smaller ones in the other emirates," an official said.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment