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Marka posts Q1 loss

Marka PJSC said its normalized net income for the first quarter came to a loss of 5.2 million dirhams.

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

Total revenue came to 390,480 dirhams, and total operating expenses came to 10.6 million dirhams.

Reported net income came to a loss of 8.4 million dirhams, or a loss of 2 fils per share.

As of May 7, US$1 was equivalent to 3.67 United Arab Emirates dirhams.