DXB Entertainments reports wider first quarter earnings loss | ZAWYA MENA Edition

DXB Entertainments reports wider first quarter earnings loss | ZAWYA MENA Edition:

DXB Entertainments, the owner of the group of theme-parks Dubai Parks and Resorts, announced an increase in its first quarter (Q1) loss for 2019.

The company’s Q1 2019 net loss amounted to 215.71 million UAE dirhams ($58.73 million), compared to 210.42 million dirhams in Q1 2018.

Mohamad Haidar, associate director at Arqaam Capital, told Zawya by email that the wider net loss could be attributed to a drop in revenues and higher finance charges.