Report
EUR 236.14 For Business Accounts Only

Not bad given the circumstances

D&S announced AED3.2bn in revenues for FY 2016, a 24% decrease, YoY, missing our forecast of AED3.6bn. The company’s losses in Q4 2016 were AED-490m reaching an annual net loss of AED-787m in 2016 (vs. AED-945m in 2015).
The company’s backlog dropped by 34% to AED8.1bn (vs AED12bn in 2015).
Underlying
Drake & Scull International PJSC

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

Analysts
Aymen SOUFI

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