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Drake and Scull profit rises 61pc in 2013

Dubai, February 13, 2014

Dubai-based Drake and Scull made a net profit of 185 million dirhams ($50.37 million) in 2013, up from 115 million dirhams in 2012, the building contractor said on Thursday.

Fourth-quarter profit was 40 million dirhams, according to Reuters calculations, up from 26.74 million a year ago. EFG Hermes had forecast it at 50.77 million dirhams while SICO Bahrain expected the firm to earn 39.40 million dirhams. - Reuters

Tags: contractor | Drake and Scull |

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