Dubai – Mubasher: DXB Entertainments on Monday reported a loss of AED 1.01 billion during the full-year 2018, down from AED 1.116 billion in 2017.

The company’s revenues declined 2% to AED 541 million last year, compared to AED 552 million a year earlier, according to a recent filing to the Dubai Financial Market (DFM).

Loss per share (LPS) registered AED 0.125 in 2018, against AED 0.14 in the prior year, the Dubai-based leisure and entertainment company added.

Moreover, EBITDA loss plunged 50% to AED 210 million from January to December 2018, versus AED 422 million in 2017.

By 12:27 pm UAE time, DXB Entertainments fell 3.61% AED 0.24.