Drake & Scull posts 27pc fall in Q1 profit
Dubai, May 12, 2014
Dubai contractor Drake & Scull posted a 27.1 percent decline in first-quarter net profit on Monday, missing the average estimate of analysts.
The firm made a net profit of 45.7 million dirhams ($12.4 million) in the first three months of 2014, compared with 62.7 million dirhams in the corresponding period of last year, it said in a bourse filing.
Three analysts polled by Reuters, on average, had forecast a net profit for the period of 58.9 million dirhams. - Reuters