News tagged "Loss"

Union Properties reports net loss of US$ 626 mn

Union Properties reports net loss of US$ 626 mn

16th February 2018

According to *Tradearabia news report, Union Properties, a leading real estate developer in the UAE, has reported a net loss of Dh2.3 billion ($626 million) for the 12 months ending December 31, 2017 (equivalent to Dh0.55 loss per share) compared to a net profit of Dh211 million in the corresponding period of last year.  [..]

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Arabtec outlines major recapitalisation programme

Arabtec outlines major recapitalisation programme

3rd March 2017

Arabtec Holding, a leading construction company in the Middle East, on Thursday outlined a major recapitalisation programme which will see the loss-hit company raise Dh1.5 billion (($408 million) through a rights issue as part of its new recovery plan.[..]

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Drake & Scull International trims net loss for Q3 2016

Drake & Scull International trims net loss for Q3 2016

15th November 2016

Drake & Scull International (DSI), a regional engineering and services leader based in Dubai, UAE, said its revenue for the third quarter has grown two-fold to Dh869 million ($237 million) from Dh434 million ($118) for the same period last year.[..]

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Drake & Scull reports revenue falls at 23% in H1 2016

Drake & Scull reports revenue falls at 23% in H1 2016

16th August 2016

Drake & Scull International (DSI), a regional leader in the construction sector, reported a revenue of Dh1.83 billion ($498 million) for the first half of the year, marking a 23 per cent decline compared to Dh2.39 billion achieved in H1 2015.[..]

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