Dubai – Mubasher: DXB Entertainments has logged accumulated losses of AED 5.2 billion in 2019, representing 64% of its paid-up capital, which is worth AED 7.999 billion, according to the company’s accumulated financials for 2019.
The accumulated losses resulted from pre-opening losses at a value of AED 0.76 billion or 15% of total accumulated losses.
In addition, the losses to date resulted from a depreciation of AED 1.39 billion in non-cash expenses, as well as impairment losses and other related charges of AED 1.54 billion.
