Dubai – Mubasher: Drake and Scull International (DSI) turned to losses in the fourth quarter of 2016, according to a bourse filing.
Losses reached AED 489.61 million ($133.28 million) in Q4-16, against profits of AED 12.645 million ($3.44 million) in Q4-15.
The company incurred losses of AED 786.86 million in 2016, a decline of 16.2% from AED 938.82 million in 2015.
Revenues fell 22.6% year-on-year to reach AED 3.25 billion in 2016.
