DSI reports 
Dh44.5m profit for Q2

DUBAI — Drake & Scull International PJSC (DSI) — a regional leader in integrated engineering capabilities — has reported Dh 411 million in revenue for the second quarter of 2010 ending June 30, indicating a increase of seven per cent — and net profit of Dh 44.5 million for the same period, showing an increase of around seven per cent over 
the last quarter.

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Published: Fri 13 Aug 2010, 11:02 PM

Last updated: Mon 6 Apr 2015, 9:45 AM

“The industry has faced challenging times over the last year and we have witnessed changing market dynamics. Despite this, we are pleased that we have managed to increase our backlog and successfully maintained revenue growth and profitability in the second quarter over the first quarter of 2010.

“We anticipate that this trend will continue through to the second half of the year, particularly with the planned acquisitions of two Saudi companies during this time, which we believe will contribute to generating greater revenue in the near future,” said DSI CEO Khaldoun Tabari.

DSI CFO Osama Hamdan said of the latest financial results: “DSI has maintained its margins, improved its revenues and bettered its collections in Q2, and our momentum of winning projects has also improved since the beginning of the year.”

The company’s business streams have collectively been awarded a number of projects across the region since the beginning of 2010, bringing the combined value of projects won to Dh 2.6 billion as compared to Dh1.5 billion for the same period last year. DSI’s backlog stands at Dh 4.8 billion. —business@khaleejtimes.com

Exclusive UAE dealer triples Rolls-Royce sales

DUBAI — Abu Dhabi Motors, the sole dealer of Rolls-Royce Motor Cars in Abu Dhabi and Al Ain, has recorded outstanding half year sales.

During the month of June, eighteen Rolls Royce Phantom and Ghost motor cars were sold. Sales for the exclusive dealer have increased by more than two hundred per cent in the first six months of 2010 in comparison to the same period in 2009. This achievement was particularly attributed to the arrival of the new Rolls-Royce Ghost and sustained demand for unique Bespoke Phantom vehicles. Currently Abu Dhabi Motors is investing in building an 894 square metre dedicated Rolls-Royce showroom that is due to be completed next year. It will comprise of state of the art facilities aimed at delivering a broadened Rolls-Royce experience to its sophisticated clientele.

“To achieve this milestone result despite the tough market challenges we have faced in the past year is a testament to the outstanding product and customer services provided by the team at Abu Dhabi Motors. We have a strong and resilient Rolls-Royce dealership led by Kadhim Al Helli that delivers this magnificent luxury brand to some of the most discerning clientele in the world.

“With our sales result we are year to date the top-selling upper luxury brand in Abu Dhabi as well as the second best selling Rolls-Royce dealership in the world,” said Arno Husselmann, General Manager of Abu Dhabi Motors.


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