Dubai – Mubasher: The net losses of Emirates Refreshments Company declined to AED 4.57 million during the January-September period of 2020 from AED 8.042 million in the same period of 2019.
The company's revenues plunged to AED 19.7 million in the first nine months of 2020 from AED 30.47 million in the year-ago period, according to the bank's consolidated interim financials for the period ended on 30 September 2020.
The loss per share stood at AED 0.152 during the January-September period of 2020, compared to AED 0.268 in the corresponding period of 2019.
Meanwhile, the company incurred accumulated losses of AED 8.74 million as of the end of the third quarter (Q3) of 2020, representing 29.14% of the capital.
It is noteworthy to mention that as of 30 June 2020, the company has achieved accumulated losses of AED 7.57 million, representing 25.24% of the company's capital.
