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FINANCIAL NEWS
Drake & Scull net profit hits USD31.2 m in H1
07 Aug 2013
(MENAFN) Drake & Scull International (DSI), announced earning of USD31.2 million for the six months period ending June 30, Saudi Gazette reported.
The mechanical, electrical and plumbing company also announced revenues of USD698.7 million for the same period.
Total contracts for the company in the period reached USD1.41 billion in KSA, UAE, Qatar, Jordan and India.
“We have successfully managed to deliver on our growing backlog in the first half of the year. The consolidated net income and revenues recorded during H1 2013 constitute 100 percent and 77.3 percent of the respective results achieved in fiscal 2012 ended Dec. 31,” Khaldoun Tabari, CEO of DSI, said.
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