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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Drake and Scull International PJSC (DSI), a company specializing in contracting services for mechanical, electrical, and plumbing, as well as oil and gas, and water and wastewater treatment projects, reported a net profit of AED 6.5 million for the first half of 2025. This is in comparison to AED 3.8 billion in H1 2024, which included a one-time restructuring adjustment. Revenue increased by 57% to AED 77.9 million, driven by strong performance in projects across India, Tunisia, Romania, and Jordan. Gross profit rose to AED 5.9 million due to better cost management and project execution. Total assets decreased by 2.7% to AED 629.5 million, while total equity increased by 4.4% to AED 158.4 million. Cash and bank balances stood at AED 309.2 million, supporting operational flexibility. General and administrative expenses were AED 24.5 million, up from AED 21.2 million, due to higher legal, professional, and business development costs. DSI continued its restructuring plan, offsetting some accumulated losses against the statutory reserve.

1. Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Notification from the company regarding the accumulated losses

1. Disclosure: Notification from the company regarding the accumulated losses

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Financial statements for the 2nd QTR of 2025

1. Disclosure: Financial statements for the 2nd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Drake & Scull International P.J.S.C
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Alliance Insurance
Disclosure: Financial statements for the 2nd QTR of 2025

1. Disclosure: Financial statements for the 2nd QTR of 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Al Mazaya Holding Company
Disclosure: Supplementary Disclosure Confirmation of Corporate Action Milestones of Al Mazaya Holding Co.

1. Disclosure: Supplementary Disclosure Confirmation of Corporate Action Milestones of Al Mazaya Holding Co.

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Alliance Insurance
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Amlak Finance P.J.S.C
Disclosure: Press release regarding financial results for H1 2025

Amlak Finance PJSC announced its financial results for the first half of 2025, reporting a net profit after income tax of AED 18.53 million, a significant increase from AED 7 million in H1 2024. The company's total assets were valued at AED 2.36 billion. Total revenue for H1 2025 rose by 61% year-on-year to AED 200 million, with increased income from joint ventures and development properties. Operating costs decreased slightly to AED 40 million. Amlak completed the sale of Ras Al Khor land plots for AED 2.9 billion and fully divested its investment in an associate in Saudi Arabia. The company repaid AED 35 million to financiers in Q2 and fully settled remaining financial obligations by July 2025. Investments in the region contributed AED 5 million in income during the period.

1. Disclosure: Press release regarding financial results for H1 2025

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: Result of Earnings Call

1. Disclosure: Result of Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From Amlak Finance P.J.S.C
Disclosure: Financial statements for the first half of 2025

Amlak Finance PJSC and its subsidiaries have released an unaudited review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2025.

1. Disclosure: Financial statements for the first half of 2025

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