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DXB Entertainments Q4 loss widens YOY

DXB Entertainments PJSC said its fourth-quarter normalized net income came to a loss of 32.9 million dirhams, compared with a loss of 8.4 million dirhams in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of 52.7 million dirhams, or a loss of 1 fils per share, compared to a loss of 13.4 million dirhams, or a loss of 0 fils per share, in the prior-year period.

For the year, the company's normalized net income totaled 69.3 million dirhams, compared with a loss of -13.3 million dirhams in the prior year.

The company said reported net income came to a loss of 110.9 million dirhams, or a loss of 2 fils per share, in the full year, compared with a loss of 21.3 million dirhams, or a loss of 0 fils per share, the prior year.

As of Feb. 11, US$1 was equivalent to 3.67 United Arab Emirates dirhams.