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03-07-14

Dubai's Union Properties profit to grow 418 percent in H1

(MENAFN) Dubai's Union Properties said that it expects its profit in the first six months of the current year to boost to USD191 million, according to Arab News. The company's net profit during the period is expected to be 418 percent higher than its profit in same period 2013, which reached USD36.80 million. Union Properties' first quarter net profit was estimated at USD48.95 million, up from USD5.964 million in the same period last year.