Dubai – Mubasher: Emirates Refreshments Company, listed on the Dubai Financial Market (DFM), has incurred net losses of AED 8.042 million during the first nine months of 2019, up from AED 4.098 million in the same period in 2018.
Loss per share reached AED 0.268 in the same period in 2019 from AED 0.137 a year earlier, whereas sales slid to AED 30.465 million in the January-September period of the year from AED 37.986 million in the same period last year, a bourse statement revealed on Tuesday.
During the third quarter (Q3) of 2019, losses hiked to AED 2.437 million when compared to AED 1.422 million a year earlier.
Loss per share totalled AED 0.081 in Q3-19 from AED 0.047 in the year-ago period. Meanwhile, sales were down to AED 9.972 million in Q3-19 from AED 12.955 million in Q3-18.
