Dubai contractor Drake & Scull reports $21.2mln net profit for H1 2021 | ZAWYA MENA Edition
Dubai-listed contractor Drake & Scull International (DSI) has reported a net profit of 78 million dirhams ($21.2 million) for the first half of 2021.
The company’s revenue increased to 82 million dirhams from 78 million dirhams for the same period in 2020, a statement to the Dubai Financial Market (DFM) said on Wednesday.
As of June this year, accumulated losses amounted to 4.82 billion dirhams, compared to 4.9 billion dirhams at the end of December 2020.
The losses have been attributed to, among others, the work in progress and contract receivables in the company’s legacy projects in Oman, Egypt, Jordan, India and the UAE.
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