Dubai – Mubasher: Marka reported a 20.8% rise in its losses during the fourth quarter of 2016, according to a bourse statement.
Net losses reached AED 39.62 million ($10.79 million) in Q4-16, compared to AED 32.81 million shares in Q4-15.
The company incurred losses of AED 88.21 million in 2016, down 55% from AED 56.9 million in 2015.
Revenues grew 35.5% to AED 291.17 million in 2016, compared to AED 214.83 million in 2015.
