Dubai-Mubasher: Drake and Scull International (DSI) incurred losses in the second quarter of 2016, according to a bourse statement.
Losses reached AED 225.86 million ($61.49 million) in Q2-16, against profits of AED 6.16 million ($1.68 million) achieved in Q2-15.
Contract revenues declined 37.3% year-on-year to reach AED 805.53 million in Q2-16, while finance costs rose 96.3% year-on-year to AED 14.94 million in Q2-16.
In H1-16, the company saw losses of AED 216.33 million, against profits of AED 34.02 million in H1-15.
