I got Union Real Estate Company With a net loss of 967 million dirhams during the past year, compared to profits of more than 200 million dirhams in the year 2020.
This came as the company recorded losses of more than 1.1 billion dirhams on the revaluation of real estate investments, in addition to an increase in the net loss of financial instruments at fair value by 240% to reach 149 million dirhams.
As for the last quarter of last year, the company lost 968 million dirhams, compared to losses of 148 million dirhams in the last quarter of 2020.
