Dubai's Drake & Scull Plans Assets Sale After Posting Loss

Updated on
  • Construction firm will sell "non-core" assets to generate cash
  • Makes provisions, revenue adjustments for uncertified work

Drake & Scull International PJSC, a Dubai-based engineering and construction company, reported its first quarterly loss and said it’s planning to sell non-core assets and cut cost to generate cash. The shares slid to a record low.

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