Dubai Parks & Resorts losses widen by 293% in Q4-15

Dubai-Mubasher: Dubai Parks and Resorts reported losses of AED 52.73 million ($14.36 million) in the fourth quarter of 2015, a 293% surge from AED 13.41 million ($3.65 million) in the same quarter of 2014, according to a bourse filing on Thursday.

In the fiscal year 2015, net losses skyrocketed 421.2% to AED 111 million from AED 21.3 million in the fiscal year 2014.

Mubasher Contribution Time: 11-Feb-2016 06:24 (GMT)