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Union Properties PJSC Earnings Release 2018
66381_rns_2018-02-14_1b6c6dfc-323f-40d7-a95b-2fa7133ea42f.pdf
Earnings Release
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الإتحاد العقارية
Issuance & Disclosure Department
Preliminary Results of Public Joint Shareholders Company (Final Result Brief for the year ended 31 December 2017)
First - General Information:
Name of the company: Union Properties PJSC
Date of Establishment: 28 October 1993 (Incorporated as a PJSC)
Paid up capital : 4,289,540,135
Subscribed capital : $4,289,540,135$
Authorized capital: 7,000,000,000
Chairman of the Board: Naser Butti Omair Bin Yousef
Chief Executive Officer: Ahmed Yousef Khouri
Name of the external auditor: KPMG
Mailing address: P.O. Box: 24649 Dubai, UAE
Tel: $+97148066666$
$\text{Fax}: +97148066777$
E-mail: [email protected]
Second - Preliminary Results (000 AED):
| 2017 | 2016 | |
|---|---|---|
| 1-Total Assets | 5,615,412 | 7,926,192 |
| 2- Shareholders Equity | 2,654,818 | 5,030,038 |
| 3- Revenues | 639,830 | 962,047 |
| 4- Net Operating (Loss)/profit | (2,375,220) | 211,422 |
| 5- Net (Loss)/profit for the period | (2,375,220) | 211,422 |
| 6- (Loss)/earnings per share | (0.554) | 0.049 |
7-Summary of the company's performance for the last fiscal year.
Total assets decreased AED 2,311 million compared to 2016. Shareholders' Equity decreased by AED 2,375 million compared to 2016. Net loss was AED 2,375 million, giving a loss of AED 0.554 per share for 2017.
Chairman or authorized person signature:
Company stamp:
