DSI announces unaudited preliminary Q4 2017 results
Company says it has returned to profitability, declares 11% quarterly increase in revenues
Dubai, UAE, 18 February 2018: Engineering and construction services company, Drake & Scull International (DSI), has announced its preliminary unaudited financial results for Q4 2017, through a Press communiqué.
According to DSI, its overall quarterly revenue has increased 11%, to AED 656 million, compared to the preceding quarter (Q3 2017). The company said it returned to profitability, and reported a net profit of AED 0.7 million for Q4 2017, compared to a net loss of AED 359 million, recorded in Q3 2017.
The communiqué further said that DSI’s total projects backlog stood at AED 5.5 billion, supported by AED 494 million worth of new projects in the MEP and water treatment sectors secured in the UAE and Saudi Arabia during the current fiscal year.