BRIEF: DXB Entertainments FY Loss Narrows

DXB ENTERTAINMENTS DXBE.DU :

* FY LOSS 1 BILLION DIRHAMS VERSUS LOSS OF 1.12 BILLION DIRHAMS YEAR AGO

* FY REVENUE 541 MILLION DIRHAMS VERSUS 552 MILLION DIRHAMS YEAR AGO

* TOTAL VISITS DURING YEAR APPROACHED 2.8 MILLION, AN INCREASE OF 22% YEAR-ON-YEAR

* Q4 DELIVERED 819,000 VISITS, UP 3% COMPARED TO SAME QAUARTER IN PRIOR YEAR AND AN INCREASE OF 63% COMPARED TO THIRD QUARTER 2018

* OVERALL OPERATING EXPENSES FOR YEAR AED 728 MILLION, COMPARED WITH AED 925 MILLION IN PRIOR YEAR, A YEAR-ON-YEAR SAVING OF 21%

* SAYS OVERALL OPERATING EXPENSES INCLUDE MARKETING AND SELLING AND PRE- OPENING COSTS BUT EXCLUDING DEPRECIATION AND AMORTIZATION

* FY NET LOSS INCLUDES AED 474 MILLION OF NON-CASH DEPRECIATION AND AED 318 MILLION OF NET FINANCE COSTS

Source text for Eikon: ID:nDFA2CLtWR Further company coverage: DXBE.DU

((Reuters.Briefs@thomsonreuters.com;))