Dubai – Mubasher: Emirates Refreshments Company's accumulated losses amounted to AED 16.304 million in 2019, representing 54.35% of its capital, according to a disclosure to the Dubai Financial Market (DFM) on Sunday.
To tackle the accumulated losses, the company has added new trading products in the fourth quarter (Q4) of 2019 to increase its revenues and margins and has taken cost-saving initiatives during the second half (H2) of 2019.
It is noteworthy to mention that in 2019, the company's losses rose by 12.59% to AED 10.11 million from AED 7.94 million in 2018.
