the accumulated losses of the UAE company DXB Entertainment amounted to about 6 billion dirhams, equivalent to 75% of its capital at the end of the first half of this year.
According to CNBC Arabia, the company clarified that the losses will be addressed by developing the number of international visits, achieving further improvement in game offerings, in addition to raising operational efficiency.
>
In terms of quarterly results, the net losses of the company increased by 11% on an annual basis to reach 258 million dirhams in the second quarter of this year, as a result of the decline in revenues. By 94%, and financing revenues decreased by 86%.
DXB Entertainment explained that it used the temporary closure due to the Corona crisis to focus on adding 12 games and destinations in its theme parks, which are scheduled to be completed by the end of 2020.
>
(Amazon fun knowledge)
