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Damac records lower losses in 2021

Damac records lower losses in 2021
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Damac
DAMAC
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Dubai – Mubasher: DAMAC Properties has incurred net losses of AED 530.95 million in 2021, down from AED 646.11 million in 2020, as shown by the company's consolidated financials for the year ended 31 December 2021.

The company's revenues decreased to AED 2.96 billion last year from AED 4.67 billion in 2020.

The basic and diluted losses per share (EPS) settled at AED 0.08 in 2021, versus AED 0.10 in the previous year.

It is noteworthy to mention that during the first nine months (9M) of 2021, Damac's net losses retreated to AED 480.515 million, compared to AED 931.304 million in the year-ago period.