Financial Results
Property & Real Estate
Uncategorized
Dubai's Union Properties reports $624 mln loss
Shares in Dubai-based real estate developer Union Properties plunged on Tuesday after it said provisions taken to cover accounting errors pushed it to a second-quarter net loss of 2.29 billion dirhams ($624 million). The firm said it was revising its 2015 financial statements to correct the treatment of 503 million…
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Click here to read the full story: Reuters