Drake & Scull narrows loss in Q2 as it awaits court approval for debt restructuring – The National

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UAE

Drake & Scull narrows loss in Q2 as it awaits court approval for debt restructuring – The National

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Dubai-based contractor Drake & Scull International (DSI) narrowed its loss in the second quarter of 2022 as it awaits court approval for its debt restructuring process.

The company posted a loss of Dh36.6 million ($9.96m) in the three months ended June, compared with a Dh38m loss in the same period a year ago, it said in a filing to the Dubai Financial Market on Friday.

Revenue in the quarter declined 41 per cent annually to Dh21.17m as the company absorbed the impact of discontinued operations.

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