"The Company still exists": Drake and Scull International CEO | ZAWYA MENA Edition
The CEO of Drake and Scull International (DSI), has offered reassurance that the company is keen to continue operations, adding that it has won new business in Tunisia and India is focusing on completing work in Iraq.
A press release, issued alongside preliminary financial results, said Munir Mansour confirmed that ‘the company still exists’ and that it had reached the final stages of a restructuring process.
Results for the year ending December 31 2020 showed that DSI turned a net profit of AED 109.31 million ($29.76 Million) compared to a loss of AED 87 million ($23.69 million) in 2019.
“Mr Munir Mansour, CEO of the Company, confirmed that the Company still exists and is keen on the continuity of the operations of the Company and its subsidiaries, through its ongoing projects, and the main essential and vital contracts of the Company's related to water and energy in several countries, additionally one of the Company's subsidiaries has won two new projects in Tunisia and India to develop sewage plants,” said the statement.
No comments:
Post a Comment