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DXB Entertainments Q3 loss widens YOY

DXB Entertainments PJSC said its normalized net income for the third quarter amounted to a loss of 18.5 million dirhams, compared with a loss of 1.6 million dirhams in the year-earlier period.

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

Reported net income totaled a loss of 29.6 million dirhams, or a loss of 0 fils per share, compared to a loss of 2.6 million dirhams, or a loss of 0 fils per share, in the prior-year period.

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