Shares of Multipleplay Group, listed on the Abu Dhabi Stock Exchange, fell during trading today, Tuesday, after announcing business results for the first quarter of this year.
And by 11.55 pm Emirates time, Multipleplay shares fell by 3.08 percent to a price of 3.16 dirhams, with a trading volume of about 8.197 million shares, at a value of 26.208 million dirhams.
Multipleplay recorded losses of 36.8 million dirhams in the first quarter of 2023, compared to achieving profits of 36.8 million dirhams.
290.6 million dirhams were achieved during the same period in 2022.
Investment and other revenues decreased to 14.1 million dirhams, compared to 257.1 million dirhams in the first quarter of 2022.
General and administrative expenses increased by 50% to reach 59.4 million dirhams, compared to 39.6 million dirhams during the same period of the previous year.
