Union Coop Declares “26.5 % Growth in Net Profit for First Quarter 2019”
  • AED 138.5 Million the Net Profit for the first quarter of 2019
  • AED 110 Million allocated for price reductions for the holy month Ramadan 
  • Expected sale to be 70 Million Units/products during 60 days of promotion  
  • AED 650 Million expected sales during Ramadan campaigns 
  • 2.5 Million Beneficiaries expected during the Ramadan Campaigns 
  • Discount up to 90% on more than 25, 000 products this Ramadan 
  • VAT Free shopping on advertised products as a part of Ramadan Happy Deals 
  • New Branch opening in the Nad Al Sheba area this month
 
 
April 22, 2019 - UAE, Dubai: 
 
Union Coop, the largest Consumer Cooperative in the UAE reported a 26.5% increase in net profit for the first quarter of 2019, compared to the same period on the previous year, with an increase of AED 28.8 Million. The first quarter of 2019 saw a net profit AED 138.5 Million, compared to AED 109.7 Million of 2018. It also revealed that it has allocated AED 110 Million towards price reduction of more than 25,000 basic food, non-food and consumer goods during the holy month of Ramadan, along with several socio-economic initiatives aimed at delighting the community members as well as relieving the burden on consumers.  
 
The announcement came during the annual conference of Union Coop, discussing the preparations for the month of Ramadan 2019, in the presence of H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop, Mr. Majiruddin Khan, Assistant Director of Trading Division, Mr. Imad Rashid, Media Section Manager and representatives of media.
 
During the conference, Al Falasi said, “Union Coop achieved a net profit of AED 138.5 Million for the first quarter of 2019, with a monumental net profit improvement of 26.5% compared to the same period of the previous year regardless of the decrease in the prices of the products by 7.5%. This is due to the increase in promotion campaigns released by Union Coop in Q1 2019, which we intend to intensify in the second quarter, thereby improving the happiness quotient of National and Resident Consumers alike. We have planned ten (10) promotional campaigns extend to 60-days to provide Basic consumer goods with discounts up to 90% on 25,000 food and non-food products, allocating AED 110 Million for that purpose. We expect a sale of AED 650 Million through 70 Million sold products during the 60 days of Ramadan Promotion. We expect at least 2.5 Million consumers to be benefitted during the Ramadan period with these Ramadan Promotions. Moreover, consumers will be able to enjoy VAT FREE shopping as a part of Ramadan Happy Deals, on advertised products only.”
 
“All the campaigns take into account the cultural diversity of the UAE and include a variety of products that meet the needs of all the communities, thereby reducing the burden on consumers by providing the best quality products at competitive prices. Products include basic food and non-food including rice, meat, poultry, canned food, fruits and vegetables, detergents, plastic products, cosmetics, home appliances, electronics, Ramadan speciality products and other products.”
 
Outstanding Performance 
“The NET PROFIT of both Commercial centres and the Branches grew by 38% and 25% consecutively, while the Gross Revenues grew by 3.5% in Q1 of 2019, compared to Q1 of the previous year. Such performance is considered to be the best ever in its 37 years of its history, thereby cementing our position as a key player in the retail market of Dubai, UAE and enhancing Dubai’s image as a competitive retail market, compared to the retail sectors of the neighbouring markets. 
 
“We congratulate our wise government and our valued shareholders on this outstanding performance and expect similar or better results during the second quarter of this year, which will be announced in July,” added Al Falasi. 
 
Sufficient Quantities
Al Falasi said: “Union Coop has signed agreements with the suppliers to ensure the availability of sufficient quantities of basic food and non-food items during the holy month of Ramadan to facilitate the needs of the community. For sure the shoppers need not fear the shortage of any product during Ramadan campaign as we have deployed 24-hour/ 7 days a week Supplier delivery and special space arrangements to accommodate extra stock. Pre-booking of stocks from suppliers have also been considered to confirm ready availability. Our Union Coop branches at Umm Suqeim, Al Wasl and Al Twar are operating 24 hours as a part of Ramadan special arrangement, so as to allow our Consumers to enjoy their Ramadan shopping irrespective of any time frame and avoid the crowd or even long queue. Rest of the branches will operate from 6.30 AM to 2.00 AM to enable shoppers to plan their shopping at any time they seem fit.”
 
New branch and Prospective Investment 
Talking about the new branch and prospective investment opportunities, Al Falasi said, “We are pleased to announce the opening of Nad Al Sheba branch within few days as a part of Union Coop’s expansion strategy to spread throughout Dubai to provide its service to the consumers. In addition to Union Coop Hypermarket, the branch will also include many shops, kiosks, banks, ATMs, restaurants, cafes, salons and more. On another hand, we are studying new investment opportunities available to penetrate the Abu Dhabi market, where we plan to operate new branches in the future.”
 
Shopping made easy with Union Coop Web Store
In order to make Ramadan products more accessible to consumers, Union Coop E-commerce web store has been listed with more than 22, 000 food and non-food items that shoppers can purchase online and avail home-delivery. Online shoppers will be able to enjoy exclusive promotions along with original Ramadan offers and can redeem additional benefits by using their Tamayaz Loyalty cards. 
 
Smart application and Shopper-Valet Service
Union Coop also offers a variety of benefits through its smart application, including the creation of shopping list in advance, access to the consumer's list of purchases, receipt of offers and deals, account details access and many more. The premier ‘shopper-valet’ service is also available in a number of Union Coop branches, which allows the Consumer to shop easily with the help of a specialist assisting with the shopping cart and the billing is done instantly without the need of standing in the payment queue. 

Union Coop Declares “26.5 % Growth in Net Profit for First Quarter 2019”
Posted by : GoDubai Editorial Team
Viewed 28103 times
Posted on : Monday, April 22, 2019  3:14:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ibn Battuta Mall partners with UNHCR this Ramadan
Next Story : Al-Futtaim ACE celebrates Eid with exciting offers and activities
Email this article Print this article

Share this article with your friends and followers
NewsVine

Other Similar Ramadan and Eid Gift Ideas

 
Catrice Launches Limited Edition About Tonight Collection for Ramadan 2024
Read More...
 
Ramadan Fragrance Gift Guide With Amouage and Nest Fragrances
Read More...
 
Nabtih Debuts Ramadan Gift Baskets, Highlighting Palestinian Craftsmanship and Tradition
Read More...
 
essence Beauty Essentials: Create a Stunning Look this Eid with essence
Read More...
 
CATRICE Helps You Create a Stunning Eid Al Fitr Makeup Look
Read More...
 
Create a Simple and Chic Look for Ramadan with CATRICE
Read More...
 
Marks & Spencer Ramadan Collection 2023
Read More...
 
Complete Your Shopping Online This Eid with Kachins Couture
Read More...
 
Mauve Moods for Eid with CATRICE
Read More...
 
Max&Co. – Eid Time
Read More...
 
Put Your Best Fashion Foot Forward This Eid with Revolve!
Read More...
 
Breaking Stereotypes: BEHNOODE Launches Special Ramadan Collection Featuring a Model with Special Needs
Read More...
 
Fragrances of Eid: The Harmonist Yang Parfum Collection
Read More...
 
Celebrate Eid with the Magical Eyes Gift Set
Read More...
 
Max Factor X Priyanka Chopra Jonas - NEW FLE XXL Mascara
Read More...
 
Luxury Home Fragrances Brand Dr. Vranjes Firenze Opens in Mall of the Emirates
Read More...
 
CH Carolina Herrera's Ramadan 2022 Collection
Read More...
 
Foreo Launches Bear Mini in Middle East
Read More...
 
Introducing the Ramadan Collection by Purificacion Garcia
Read More...
 
Get Ramadan Ready with Max&Co.
Read More...
 
MAX MARA - RAMADAN EDIT 2022
Read More...
 
Embrace your Inner Glow this Ramadan with Yehwadam from The Face Shop
Read More...
 
This Ramadan, an Exclusive Capsule Collection for the Middle East: Loro Piana Collaborates Once Again with Emirati Artist Mattar Bin Lahejc
Read More...
 
5 Outfits to Host Guests in Style and Comfort
Read More...
 
Beachy Brows Just in Time for Eid Al Adha Holiday
Read More...
 
10 Great Value Gifts for Eid Al Adha
Read More...
 
Discover the new Eid Collection at THAT Concept Store
Read More...
 
Purificacion Garcia Eid Al Adha Selection
Read More...
 
Eid Edit by Tory Burch
Read More...
 
CATRICE Eid Essentials for your Handbag
Read More...
 
Your Guide to Flawless Brows this Eid with Benefit Cosmetics!
Read More...
 
Sun-kissed Eid Look with Essence
Read More...
 
Get your Essential Nutrients this Ramadan with Daily Supplement, Amphis
Read More...
 
Muse Launches Exclusive Rewards for an Exceptional Ramadan
Read More...
 
Noha Nabil Releases New Ramadan Gemstone Collection
Read More...
 
Highlight Your Beauty, Glow Up This Eid
Read More...
 
Go Twinning With Your Little Ones This Ramadan
Read More...
 
Celebrate Ramadan with CATRICE
Read More...
 
Celebrate the Essence of Giving this Ramadan with LOOTAH Perfumes
Read More...
 
Fill Your Home With Swiss Arabian's Most Elegant of Bakhoors This Ramadan
Read More...
 
Herbal Essentials: The Affordable Natural Skincare Regimen for Healthy Skin This Ramadan
Read More...
 
Carolina Herrera Presents the Ramadan Collection
Read More...
 
Purificacion Garcia - Ramadan Collection 2021
Read More...
 
Celebrate the Vibrant Colors and Festive Accents of Ramadan with Splash Collection
Read More...
 
Feelunique Middle East Is Bringing You the Best Ramadan Deals & Offers
Read More...
 
Kashkha Unveils its Exclusive Ramadan Collection
Read More...
 
NIILI Ramadan Capsule Collection, 2021
Read More...
 
Countdown to Eid with Sephora Collection this Ramadan
Read More...
 
Maintain Hydrated Skin this Ramadan with Skin Republic's Instant Skin Boosters
Read More...
 
Mintsa Launches Ramadan Collection with Free Delivery Across the UAE
Read More...
 
'Discover Marks & Spencer's Oud Collection this Ramadan
Read More...
 
Celebrate Eid It Style With Longchamp's Calvacade and Amazone Collections
Read More...
 
The Luxury Closet supports Dubai Cares' global education programs
Read More...
 
Flormar's Three Beauty Essentials for Ramadan Nights
Read More...
 
Gift your loved ones a fragrance to remember this Eid by Rasasi Perfumes
Read More...
 
Eid Gift Guide Options
Read More...
 
Make their Eid special this year with these perfect gifts!
Read More...
 
Make Up for Ever Kicks-off Helwet Ramadan – Season 3
Read More...
 
Give the Gift of Health this Ramadan with Amphis Beauty
Read More...
 
Detox Your Skin this Ramadan
Read More...
 
Ramadan Selection PURIFICACIÓN GARCIA
Read More...
 
Discover your perfect scent for the Holy Month at Rasasi Perfumes
Read More...
 
Seasonal Offers from THT to keep you Pampered to Perfection this Ramadan
Read More...
 
Diva Abaya's Ramadan 2019 Collection - A fusion of tradition and fashion!
Read More...
 
Discover Marks & Spencer's Dreamy Oud Collection this Ramadan
Read More...
 
Your ultimate fragrance gift guide for Ramadan 2019
Read More...
 
La Marquise Jewellery | Ramadan Collection
Read More...
 
All Abroad… Mobile Cinema Bus presented by Pert Plus
Read More...
 
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Read More...
 
Gear up for Eid with Blush N Curls Salon
Read More...
 
The Perfect Eid Gift from HydroPeptide
Read More...
 
Healthy Hair this Ramadan at SWISH by Immaclife
Read More...
 
Celebrate the spirit of Eid with LOOTAH's elegant gift sets
Read More...
 
GlamBox ME's ‘Arabian Nights' Edition for Ramadan and a Sneak Peek into its June EID Specials
Read More...
 
Ramadan Big Bazaar Is Here Once Again with Free Entry 31st May to 11th June Sheikh Rashid Hall, Dubai World Trade Centre
Read More...
 
Glambeaute.com's Special Ramadan Beauty Packs
Read More...
 
Meet the FOREO family as they share their top tips for radiant skin during the holy month
Read More...
 
Save 40% on the Best of Beauty @ Glambeaute.com
Read More...
 
Maintain Healthy Hair this Ramadan at SWISH by Immaclife
Read More...
 
Skinade: A Ramadan Essential for Hydration and Energy Boost
Read More...
 
Get Ramadan Ready!
Read More...
 
Shine The Light Of Joy This Ramadan With The Body Shop
Read More...
 
Floor-Sweeping Dresses For Ramadan
Read More...
 
Keep your skin moist and supple this Ramadan with these products from Paris Gallery
Read More...
 
Paris Gallery's Eid Gift Guide: The Fragrance Edit
Read More...
 
Eid Gifting with Accessorize
Read More...
 
Discover the Beauty of Hope and Healing... Discover the Kiehl's x Myneandyours Limited Edition Collaboration this Gifting Season.
Read More...
 
Live the London Look this Eid with Rimmel!
Read More...
 
Ramadan Nights: Look Your Best with Paris Gallery Part 2
Read More...
 
Molton Brown Ramadan Collection
Read More...
 
Ramadan Look by Gosh
Read More...
 
Chopard Oud Malaki + Happy Spirit Limited Edition Ramadan Sets
Read More...
 
A Handmade Lushful Ramadan
Read More...
 
GUESS Launches A Special Capsule Collection For Ramadan
Read More...
 
Celebrate EID in Elegance with Weill Spring/Summer 2017 Collection
Read More...
 
Look Radiant This Ramadan with Paris Gallery
Read More...
 
Max announces latest Ramadan Collection
Read More...
 
ICONIC Ramadan and Eid collection
Read More...
 
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi
Read More...
 
Wella Koleston: Get ready for an Eid celebration that shimmers bright with color!
Read More...
 
Pamper Your Loved Ones This Ramadan With Les Classiques Fragrances, a Timeless Collection by L'OCCITANE
Read More...
 
The world's first SOAPENIR, is the ultimate Ramadan gift for loved ones
Read More...
 
REDTAG Releases Its Limited Edition Ramadan Collection for the Perfect Chic Yet Modest Looks
Read More...
 
Monsoon and Accessorize have it covered for Ramadan 2017
Read More...
 
Jergens: Look Radiant This Ramadan With Tips From Skincare Expert Dr. Seema Tannous
Read More...
 
Celebrate Ramadan with an exclusive Kaftan collection from Splash
Read More...
 
Exclusive Ramadan & Eid Collection From Dune London, Rituals & Charming Charlie
Read More...
 
TishTash Ramadan Beauty Guide
Read More...
 
Marks & Spencer Unveils its 2017 Ramadan Edit.
Read More...
 
GUESS Launches A Special Capsule Collection For Ramadan
Read More...
Dubai, United Arab Emirates, March 13, 2024 -As the holy month of Ramadan unfolds, bringing with it a time for spiritual reflection and self-renewal, it's essential to underscore the importance of staying hydrated. This often-overlooked aspect of fasting can significantly impact our physical and mental well-being, potentially leading to fatigue... Read more
Advanced LG technologies and exceptional savings aim to make Ramadan celebrations more delightful and stress-free for customers across the regionDUBAI, March 26, 2024 – As families in the Gulf focus on family gatherings and spiritual activities during the holy month of Ramadan, LG Electronics (LG) is delighted to announce special offers on it... Read more
Diners can expect a Mediterranean-inspired vegan and organic set menu at Planet Terra this Ramadan, made with no artificial sweeteners, no refined sugars, and no GMOs.Experience the essence of Ramadan at artisanal vegan eatery, Planet Terra – a lakeside oasis for plant-based and organic cuisine in The Greens, where a specially curated set men... Read more
Regionally Inspired Drop is Timeless Celebration of Middle Eastern Beauty and HeritageDubai, United Arab Emirates: Tanishq, the globally acclaimed name in fine jewellery, is delighted to announce the launch of its latest Rifa Collection to coincide with the Holy Month of Ramadan. The collection celebrates timeless elegance and heritage, with j... Read more
To celebrate the spirit of Ramadan, Mercato hosted an iftar gathering in support of its yearly charity donation campaign 'Share Your Blessings,' which aims to support the less fortunate. The initiative is in collaboration with Emirates Red Crescent and Dubai Islamic Affairs, during the holy month of Ramadan, a time for charity.The iftar eve... Read more
Huawei introduces a selection of gifts tailored to express love and appreciation. Embrace the spirit of giving with Huawei's diverse range of audio devices, smartphones, and wearables, designed to transcend the ordinary and make this Ramadan truly memorable.Elevate Audio Experience with HUAWEI FreeClipImmerse yourself in the world of crystal-cl... Read more
UAE, Dubai, March 21, 2024 –Global Village, the UAE and wider region's leading multicultural family destination for culture, shopping and entertainment, is offering an extraordinary experience to its guests during the holy month of Ramadan at the Ramadan Wonder Souq. Filled with offerings of all types including unique treats and trinkets,... Read more
Total Grand Prize Giveaway Worth AED 50K Travel and Hotel Vouchers On AED 50 Spend Dubai, United Arab Emirates: As part of its grand 50th-anniversary celebration, Choithrams, one of the region’s leading retail chains, is thrilled to announce the launch of the "EVERYONE IS A WINNER" campaign across their portfolio of supermark... Read more
The national airline enables travel dreams to take flight with fares starting from 99 AED during the holy month20 March 2024, Abu Dhabi, UAE: Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, is celebrating Ramadan with an unmissable promotion on selected routes for travel lovers looking to discover must-see destinations. The fla... Read more
Celebrate the joyous occasion of the holy month with your families with exclusive one-day-stay packages at Emirates Park Zoo and Resort. Nestled amidst greenery and wildlife, the resort offers a sanctuary where you can indulge in both relaxation and adventure.Delight in the range of accommodations tailored to suit your preference: Premium Room: Per... Read more
Dubai, United Arab Emirates, 19 March 2024: The Waterfront Market in Dubai, the city's premier hub for fresh produce, warmly welcomes both locals and tourists to immerse themselves in the essence of Ramadan. During the holy month, the Waterfront Market will transform into a festive culinary haven, presenting an unparalleled selection of fresh i... Read more
Guests are invited to indulge in a range of culinary delights, soak up the impeccable ambience, and listen to the gently crashing waves during their own private dining experience by the beach  Available for bookings of 20 people or more, and priced at AED185+ per person, this is the perfect way to embrace togetherness during this auspicio... Read more
Catrice, the beloved beauty brand known for its high-quality and affordable products, is thrilled to announce the launch of its limited edition "About Tonight" collection for Ramadan 2024. This special collection is designed to celebrate the spirit of Ramadan with a touch of glamour and elegance, perfect for all those special occasions an... Read more
In the spirit of Ramadan which is synonymous with giving, you can’t go wrong with a thoughtful gift for your loved ones. Embrace the season with these floral fragrance selections from Amouage and NEST New York fragrance. For those who love a rich and layered floral scent, the new Love Delight from Amouage is full of charm, warmth and dep... Read more

 Sehr and Iftar Timing for 28 March 2024

Imsak4:47 Iftar6:37

 Sehr and Iftar Timing for 29 March 2024

Imsak4:46 Iftar6:37
Click Here Prayer Timing
 

 Ramadan 2024 Imsak and Iftar Timing

DateDaySehrIftar
28 MarchThursday4:476:37
29 MarchFriday4:466:37
30 MarchSaturday4:456:38
31 MarchSunday4:446:38
1 AprilMonday4:436:39
2 AprilTuesday4:416:39
3 AprilWednesday4:406:39
4 AprilThursday4:396:40
5 AprilFriday4:386:40
6 AprilSaturday4:376:40
7 AprilSunday4:366:41
8 AprilMonday4:356:41
9 AprilTuesday4:336:42
Click Here for Prayer Timing
 

  Dubai Floating Restaurants

5 Star Luxury Romantic Evening Dhow Cruise
Luxury Romantic Evening Dhow Cruise Spending a nice time exploring Dubai with your loved ones and friends should...More Details
USD 95

Marina Dhow Cruise

Dhow Dinner Cruise

Bateaux Dubai

Click Here to book any of our tours