Dubai’s DSI quarterly profits decline 49%

14 Aug 2010

(MENAFN) Dubai contractor Drake & Scull International’s second-quarter net profit nearly halved, shy of analysts forecasts, as market conditions remained tough.

The company made a net profit of $12.12 million in the three months to June 30, it said in a statement, a drop of almost 49 percent on the year-ago period.

The company said its project wins so far in 2010 stood at $711 million, compared to $410 millionfor the same period last year, while its backlog reached $1.3 billion.

The firm said it aims to increase its order pipeline by a third by year’s end to around $1.64 billion after it buys the two firms this year, its chief executive said in May.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.