image description
image description
Tell A Friend

FinancialNews


  • 11-11-10

    Union Properties Q3 loss deepens to $123m

    (MENAFN) Dubai developer Union Properties said that its third-quarter net loss has tripled it said as revenues more than halved and losses on valuation of properties rose sharply, Reuters reported. The third largest developer in Dubai made a net loss of $123 million in the three month period ending September 30, compared with a loss of $41.6 million in the same period a year ago, it said in a statement. Revenues for the quarter fell to $149 million from $355 million while loss on valuation of properties rose to $115 million from $45.6 million, it said. The company has net current liabilities of $221.6 million, its financial statement showed.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved