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Union Properties PJSC — Earnings Release 2021
Feb 15, 2022
66381_rns_2022-02-15_c063b750-6b0c-4f87-b148-a069effe75bf.pdf
Earnings Release
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Union Properties PJSC Preliminary Results (Final Result Brief for the year ended 31 December 2021)
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First - General Information:
Name of the company: Union Properties PJSC Date Establishment: 28 October 1993 (Incorporated as a PJSC) Paid up capital: 4,289,540,134 Subscribed capital: 4,289,540,134 Authorized capital: 7,000,000,000 Chairman: Mohamed Fardan Ali Al Fardan Managing Director: Amer Abdulaziz Hussain Khansaheb General Manager: Abdullah Abdulrahman Al Rustumani External Auditor: Mazars Mailing address: P.O. Box: 24649 Dubai, UAE Tel: +971 4 806 66 66 Fax: +971 4 806 66 65 E – mail: [email protected]
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Second - Preliminary Results (000 AED):
| 2021 | 2020 | ||
|---|---|---|---|
| 1 | Total assets | 4,392,503 | 5,941,854 |
| 2 | Shareholders’ equity | 1,991,759 | 2,894,134 |
| 3 | Revenues | 402,403 | 375,866 |
| 4 | Net operating (loss)/profit for the year |
(903,744) | 185,476 |
| 5 | Net (loss)/profit for the year | (903,744) | 185,476 |
| 6 | Basic and diluted earnings per share |
(0.2107) | 0.047 |
7 Summary of the company’s performance for the last fiscal year.
Total assets decreased by AED 1,549.4 million compared to 2020. Shareholders’ Equity decreased by AED 903.8 million compared to 2020. Net loss for the year ended 31 December 2020 was AED 903.8 million in comparison with profit of AED 185.5 million for the year ended 31 December 2020, giving AED (0.211) as Basic and diluted earnings per share for 2021.
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Abdullah Al Rustumani General Manager
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