Economy Politics Local 2025-11-13T13:12:20+00:00

Drake & Scull Profit Plummets 97%

Drake & Scull International PLC has achieved a net profit of AED 111 million by the end of the first nine months of 2025, compared to a profit of AED 3.8 billion during the same period in 2024, a decline of 97%. The company attributes this significant drop in profit to several factors, including a general economic downturn, an increase in operational costs, and a reduction in the volume of orders for large-scale infrastructure projects. Despite this, the company's management expresses confidence in its ability to overcome current challenges and stabilize its financial performance for the remainder of the year.


Drake & Scull Profit Plummets 97%

Drake & Scull International PLC has achieved a net profit of AED 111 million by the end of the first nine months of 2025, compared to a profit of AED 3.8 billion during the same period in 2024, a decline of 97%. The company attributes this significant drop in profit to several factors, including a general economic downturn, an increase in operational costs, and a reduction in the volume of orders for large-scale infrastructure projects. Despite this, the company's management expresses confidence in its ability to overcome current challenges and stabilize its financial performance for the remainder of the year.