image description
image description
Tell A Friend

FinancialNews


  • 14-08-10

    Dubai's DSI quarterly profits decline 49%

    (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.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved