Drake & Scull profits soar on back of Saudi Arabia projects - The National:
"Profits at Drake & Scull International rose 63 per cent year on year to Dh52.2 million during the three months to June as the Dubai-based contractor benefited from a revival in construction markets in Saudi Arabia and the UAE.
In a statement posted to the Dubai bourse yesterday, Drake & Scull reported that contract revenue during the period nearly doubled to Dh1.340 billion in the second quarter from Dh717.3 million in the same period a year earlier.
The company's backlog of orders reached a record high of Dh11.7bn in June - an increase of 58.1 per cent compared with a year ago."
'via Blog this'
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