Mubasher: Jordan's Union Land Development announced on Sunday a 37.49% drop in its nine month profit this year.

Profit slipped to JOD 302,860 in the first nine months, down from JOD 484,580 in the same period of 2014, according to the company’s financial statements.

The statements showed a fall in the rental income during the above period, as it reached JOD 1.65 million down from JOD 2.83 million in the same time year ago.

The Amman listed company earlier posted a net profit of JOD 13,116 in H1-15, with a fall of 97.89%.