Dubai – Mubasher: Union Properties generated net profits after tax worth AED 16.47 million in the first quarter (Q1) of 2024, up year-on-year (YoY) from AED 12.29 million.

Revenues from contracts with customers jumped to AED 138.11 million in Q1-24 from AED 122.13 million in Q1-23, according to the consolidated financial results.

Basic and diluted earnings per share (EPS) hit AED 0.003 in the first three months (3M) of 2024, marking an annual growth from AED 0.002.

Total assets reached AED 4.65 billion as of 31 March 2024, down from AED 4.77 billion at the end of December 2023.

In Q1-24, the DFM-listed company concluded plot sales amounting to AED 816 million.