Drake and Scull Q3 net profit down 44%
Complex Made Simple

Drake and Scull Q3 net profit down 44%

Drake and Scull Q3 net profit down 44%

Dubai-based construction firm, Drake and Scull International (DSI) has reported a 44% decline in Q3 net profit to Dhs34m from Dhs60.8m a year earlier. Net profit for the first nine months of this year stood at Dhs121m, DSI said. The company has a current backlog of Dhs4.7bn, with Dhs1bn in projects expected by the end of the year, it added. "It is likely that Abu Dhabi and Saudi Arabia will generate the majority of these," Khaldoun Tabari, CEO of DSI said.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved