Union Land Development announced that its profits declined by 75% to JOD 622 thousand during the first half of 2014 compared to JOD 2.5 million profits during the same period of 2013.


Revenues of the company increased by 816% to JOD 3.3 million against JOD 360 thousand in the same period of 2013.

Earnings per share amounted JOD 0.015 in the first half compared to JOD 0.075 in the same half of 2013.

The company turned to losses of JOD 141 thousand in the second quarter this year against JOD 2.8 million profits in the same quarter of the last year.