Unikai Foods said that the accumulated losses are estimated at 21.3 million dirhams, which constituted nearly 66% of the company's capital of 32.4 million dirhams.
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The company’s announcement came in its disclosure to the Dubai Financial Market today, Monday, of the size and percentage of those losses as at the end of the first half of this year, and ways to address those losses.
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The company had turned to profit last year with a value of 515 million dirhams, compared to losses of 20.39 million dirhams in 2019.
It is reported that the Dubai Financial Market decided at the end of last year to oblige the joint stock companies listed on the market, whose interim or annual financial statements show the recording of accumulated losses of 20% or more The capital, disclosure to the market and the authority, with clarification of the main reasons leading to these losses, and the measures that will be taken to remedy their situations.
(Amazon Fun Knowledge)
