By: Enas Bahgat
Dubai – Mubasher: Drake and Scull International’s (DSI) stock declined to its lowest level in 31 sessions, following the announcement of second-quarter financials.
The stock fell 2.12% to 374 fils by 1:00 pm UAE time, generating AED 4.54 million from the exchange of 12.28 million shares.
DSI’s losses reached AED 1.03 billion in the first half of 2017, while the company posted a 12% year-on-year fall in losses during the second quarter of 2017, according to a bourse statement.
Losses reached AED 198.56 million ($54 million) in Q2-17, compared to AED 225.86 million in Q2-16. Losses reached AED 1.03 billion in the first half of 2017, compared to AED 216.33 million in the prior-year period.
