Drake & Scull 1st-Quarter Net Falls to 37.6 Million Dirhams

Drake & Scull International PJSC (DSI), a Dubai-based construction company, said net income fell to 37.6 million dirhams ($10.2 million) from 45.9 million dirhams a year earlier amid increased expenses, according to a company filing to the Dubai bourse.

Revenue rose to 777 million dirhams from 645 million dirhams while general and administrative expenses increased to 72 million dirhams from 62 million dirhams a year earlier.

The share price, up 9.4 percent this year, fell 2.3 percent yesterday to 0.821 dirham.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.