Dubai – Mubasher: Drake & Scull International (DSI) has reported a net profit of AED 7 million in the first quarter of 2018.
The company’s revenue declined to AED 693 million in Q1-18 versus AED 796 million in the year-ago period, according to a company statement released on Tuesday.
“We will continue to leverage the synergies across our operating segments to improve our operating performance by reducing our overheads and by recalibrating our services portfolio to drive margin accretion,” investor relations director at DSI Rabih Abou Diwan stated.
DSI’s operating profit recorded AED 45 million in the three-month period ended March 2018, while the Dubai-listed developer’s total project backlog hit AED 5.4 billion in the same period.
“Our target is to sustain our quarterly performance across all operating segments and key markets throughout the fiscal year and to secure profitable projects with our key strategic clients in the region,” Diwan added.
