Drake & Scull International PJSC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was AED 19.1 million compared to AED 29.1 million a year ago. Net loss was AED 68.5 million compared to AED 19.07 million a year ago. Basic loss per share was AED 0.06 compared to AED 0.02 a year ago.
For the nine months, sales was AED 64.16 million compared to AED 110.89 million a year ago. Net loss was AED 157.6 million compared to net income of AED 58.27 million a year ago. Basic loss per share was AED 0.15 compared to basic earnings per share of AED 0.05 a year ago.