Abu Dhabi – Mubasher: Manazel suffered net losses amounting to AED 222.34 million in 2023, an annual surge from AED 152.83 million.
The company generated revenues valued at AED 347.96 million last year, higher than AED 146.30 million in 2022, according to the consolidated income statements.
Loss per share increased to AED 0.08 in 2023 from AED 0.06 a year earlier, while the total assets fell to AED 5.28 billion from AED 5.46 billion.
In the first half (H1) of 2023, Manazel logged net losses attributable to the shareholders worth AED 60.08 million, up year-on-year (YoY) from AED 42.68 million.
