Abu Dhabi – Mubasher: Manazel has registered net losses attributable to the ordinary equity holders of AED 98.89 million in the January-June period of 2020, versus AED 136.92 million in the corresponding period of 2019.

The company generated revenues of AED 193.146 million in the first half (H1) of 2020, down from AED 506.23 million in H1-19, according to the company's consolidated financial statements for the period ended on 30 June 2020.

The basic and diluted loss per share stood at AED 0.004 in H1-20, against earnings per share (EPS) of AED 0.053 in H1-19.

It is noteworthy to mention that in 2019, the company's net profits jumped by 4.3% to AED 240.6 million, compared to AED 230.7 million in 2018.