Dubai – Mubasher: DXB Entertainments posted a 661% year-on-year rise in its losses during the first quarter of 2017, according to a statement.
Losses reached AED 291.8 million ($79.43 million) in Q1-17, compared to AED 38.35 million ($10.44 million) in Q1-16.
Operational, general, and administrative expenses reached AED 333.91 million in Q1-17, compared to AED 39.62 million in Q1-16.
Selling and marketing expenses rose 164% to AED 40.78 million in Q1-17, compared to AED 15.45 million in Q1-16.
Other expenses reached AED 20.72 million in Q1-17.
