"DXP Intertimants" reduced its losses in the first quarter of 2021

DXB Intertsz has declined by 36% in the first quarter of 2021, compared with the same quarter last year to about 360 million dirhams.

According to Arab Net, the company has recently announced a notification from an entertainment destination company for compulsory acquisition over all its shares.

All DXB shares will be re-recorded in the name of the company in the Record of DXB Entertainments in June.

The consideration of the corresponding cash receivable for DXB entertainments in the next 7 June.

After more than 6 years later in Dubai Financial Market, DXB InterTainment DXB Entertainment has suffered consecutive annual losses that successive departments have not succeeded for any reconciliation or at least a breakdown of losses to high operational costs and higher ticket prices to entertainment gardens. / p>

By the end of last year, 2020, the accumulated losses of the company reached AED 7.8 billion, accounting for 98% of its capital. Operating losses formed 10% of these losses and a value of 800 million dirhams.

While consumption losses exceeded 20% of the accumulated losses by the end of 2020 to record 1.7 billion dirhams. The valuable estimates reached 3.3 billion dirhams by the end of the year.