Dubai theme park operator DXBE reports $98m loss | Arab News
Dubai theme park operator DXBE said first-quarter losses narrowed to about 360 million dirhams ($98 million) from a loss of about 564.6 million dirhams a year earlier. It comes as the entertainment sector is hit hard by a pandemic which has closed the doors of attractions worldwide. The company had negative operating cash flows of 49 million dirhams for the first three months of the year and has net current liabilities of 92 million dirhams as at the end of the quarter, Pricewaterhouse Coopers (PwC) said in its review of the company’s accounts.
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