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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




Tags: Dubai | profit | Drake and Scull |

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