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FINANCIAL NEWS
UAE’s DSI revenue hits USD977m in 9M
17 Nov 2014
(MENAFN) Drake & Scull International PJSC (DSI) announced it has registered revenue of USD977.11 million during the January-September period of this year, compared with USD968.95 million registered during the same period last year, Saudi Gazette reported.
The company also said that it has registered a net profit of USD26.37 million during this year’s first nine months, a decline compared with USD39.46 million registered during the corresponding period last year.
During the July-September period of this year, the company also reported that its net profit reached USD6.85 million, declining by 16 percent compared the same quarter last year, while its revenue reached USD337.50, representing an increase by 25 percent compared to the same period last year.
DSI said that the value of the project it has been awarded this year has reached USD1.46 billion in KSA, UAE, Qatar, Oman, Kuwait, Algeria, Egypt, and India & Europe, with Saudi remaining the largest market for DSI, contributing 35 percent of the value of its projects.
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