Dubai – Mubasher: Union Properties reported a loss attributed to the shareholders worth AED 163.88 million over the first nine months of 2019, against a profit of AED 145.606 million in the prior-year period.

Loss per share recorded AED 0.038 in the same period in 2019, versus earnings per share (EPS) worth AED 0.034 a year earlier, according to a bourse filing on Sunday.

Moreover, the firm achieved revenue from contracts with customers worth AED 313.815 million during the first nine months of the year, down from AED 390.175 million over the corresponding period in 2018.

During the third quarter (Q3) ended 30 September, the company suffered a loss attributed to the shareholders of AED 81.555 million, down from AED 61.816 million in the same quarter in 2018, while seeing a lower revenue from contracts with customers at AED 106.213 million in Q3-19 from AED 150.506 million in Q3-18.