Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses attributable to the shareholders amounting to AED 197.56 million in the first nine months (9M) of 2023, versus AED 157.59 million in 9M-22.
Revenues stood at AED 64.20 million in January-September 2023, up year-on-year (YoY)from AED 64.15 million, according to the financial results.
The basic and diluted loss per share hit AED 0.18 as of 30 September, an annual rise from AED 0.15.
Total assets reached AED 361.85 million in 9M-23, versus AED 379.99 million as of 31 December 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, the ADX-listed firm recorded YoY lower net losses attributable to the owners at AED 34.98 million, compared to AED 68.49 million.
The revenues fell to AED 18.94 million in Q3-23 from AED 19.10 million in Q3-22, while the basic and diluted loss per share declined to AED 0.03 from AED 0.06.
Accumulated Losses
The accumulated losses hit AED 5.29 billion as of 30 September 2023, representing 494% of the AED 1.07 billion capital.
In the six-month period that ended on 30 June 2023, the DFM-listed company reported net losses attributable to the shareholders valued at AED 162.58 million, an annual hike from AED 88.09 million.
