Dubai based Marka’s gross loss hits USD4m in Q3

12 Nov 2015

(MENAFN) Marka Holding, one of UAE’s top retailers registered disappointing numbers for its latest financial results, according to a recent report.

The retailer logged a gross loss of USD4 million throughout the three months to September timeframe, which was attributed to acquisition costs.

Furthermore, Takeover costs have hit USD1.9 million, let alone other expenses that have contributed to the overall loss like depreciation.

Moreover, the firm has reported USD280 thousand before interest, tax and depreciation, plus USD22.8 million in total income over the cited timeframe.

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