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FINANCIAL NEWS
Dubai’s Drake & Scull net profit down to USD2.8m in Q2
12 Aug 2015
(MENAFN) Dubai’s Drake & Scull (DSI) registered a 60 percent plunge in the April-June period making a net profit of USD2.8 million in the second quarter.
Last year’s second-quarter net profit stood at USD7 million. Meanwhile, the figure was worse-than-expected previously, as the contractor was projected to make a quarterly net profit of USD6.3 million.
The developer’s second-quarter revenue was USD353 million, rising from last year’s USD299 million, and registering a USD1.68 in overall net profit after interests deductions.
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