Marka (MARKA.DU) posted KPIs for 2Q16, with a net loss of AED18.7mn compared to a AED2.2mn loss in 2Q15. Revenue surged 59% Y-o-Y to AED89.5mn versus AED56.4mn in 2Q15. Operating losses came in at AED3.8mn vs operating profit of AED5.4mn in 2Q15. For 2016 the company plans to open 19 new outlets - including four Reem Al Bawadi restaurants and three Cheeky Monkeys Playland & Sweet Surprises outlets in the UAE. Marka currently operates over 50 outlets across its portfolio of hospitality, sports and fashion/beauty brands. (Company disclosure)
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