Dubai, United Arab Emirates, 16 April 2018: Marka PJSC (DFM: MARKA) Despite a challenging regional operating environment, the company's restructure programme which was implemented during 2017, has already started to show beneficial impact on the company as it expects to achieve operational profitability (EBITDA) in the first quarter of 2018 versus an operational loss of AED 4.6 million in the previous quarter.
The results reflect the progress made by Marka PJSC over the past year and place the company in a strong position to undergo capital restructure, meet the changing demands of its customers and develop value for its shareholders.
Mr. Khaled Jassim Bin Kalban, Chairman of Marka PJSC, commented: “Over the past 12 months, Marka PJSC has focused its efforts on streamlining its structure, exiting unprofitable businesses and making the company ready for future growth. Today, we are pleased to see the positive results this exercise has had, as achieving operational profitability is an important milestone. Marka PJSC is now ready to face the future with confidence.”
About Marka PJSC:
Marka Holding, listed in the Dubai Financial Market since 2014, is focused on building a diverse portfolio of home-grown concepts ranging from casual eateries to fine dining establishments. Complementing these home-grown concepts, international F&B brands have sought out the expertise of Marka Holding when seeking to establish a footprint in the region’s growing F&B landscape. Marka’s decades of experience in the financial, business development, marketing, real estate and hospitality industries ensures that each concept has the foundation it needs to guarantee success. Marka’s overarching goal is to be a leading company in the Middle East’s mid-to-high range F&B sector.
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