Dubai – Mubasher: The net losses of DXB Entertainments have decreased to AED 359.806 million in the first quarter (Q1) of 2021 from AED 564.637 million in the year-ago period, according to the company's consolidated interim financials for the period ended 31 March 2021.

The company generated revenues of AED 55.45 million in the first three months of 2021, down from AED 100.245 million in the same period of 2020.

The basic and diluted loss per share settled at AED 0.027 in Q1-21, compared to AED 0.071 in the corresponding quarter of the earlier year.

It is noteworthy to mention that in 2020, the company's net profits increased to AED 2.657 billion, compared to AED 854.554 million during the previous year.