DSI profits skyrocket 287% in Q4-15

Abu Dhabi-Mubasher: Drake and Scull International (DSI) reported a 287% profit surge to AED 14.7 million ($4 million) in the fourth quarter of 2015, compared to AED 3.8 million ($1.03 million) in the corresponding quarter of 2014, according to a bourse filing on Sunday.

In the fiscal year 2015, the company logged losses of AED 936.7 million versus net profits of AED 101 million in the fiscal year 2014.

Revenues declined 11.13% to AED 4.23 million in FY15, compared to AED 4.76 million in FY14.

 

Mubasher Contribution Time: 14-Feb-2016 05:33 (GMT)