Dubai-Mubasher: Dubai Parks and Resorts saw a 284.3% jump year-on-year in its losses during the second quarter of 2016, according to a bourse filing.
Losses reached AED 59.49 million ($16.2 million) in Q2-16, compared to AED 15.48 million ($4.21 million) in Q2-15.
Sales and marketing expenses went up 82.8% year-on-year to AED 6.25 million in Q2-16, while administrative expenses rose 122% year-on-year to AED 49.66 million.
In H1-16, losses increased 371% to AED 134.61 million from AED 28.58 million recorded in H1-15
