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Marka posts Q2 loss

Marka PJSC said its normalized net income for the second quarter was a loss of 1.6 million dirhams.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.8%.

Total revenue totaled 57.7 million dirhams, and total operating expenses came to 56.1 million dirhams.

Reported net income came to a loss of 2.1 million dirhams, or a loss of 0 fils per share.

As of Aug. 6, US$1 was equivalent to 3.67 United Arab Emirates dirhams.