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DXB Entertainments Q1 loss widens YOY

DXB Entertainments PJSC said its normalized net income for the first quarter amounted to a loss of 24.0 million dirhams, compared with a loss of 8.2 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 came to a loss of 38.3 million dirhams, or a loss of 1 fils per share, compared to a loss of 13.1 million dirhams, or a loss of 0 fils per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 3.67 United Arab Emirates dirhams.