Dubai-Mubasher: Dubai Parks and Resorts reported an increase by 192% in its first-quarter losses, according to a statement published.
Losses stood at AED 38 million ($10.35 million) in the first quarter of 2016, compared to AED 13 million ($3.54 million) in the same quarter of 2015.
The company had not started its commercial operations as at 31 March 2016, so there is no operating revenue during the period.
The company’s stock rose 2.16% to AED 1.42 ($0.39) after generating AED 3.66 million ($996,474) from the exchange of 2.6 million shares.
