14-02-2016 07:14 via rocketnews.com

BUZZ-Dubai’s Drake & Scull jumps on Q4 earnings beat

** Shares in Dubai construction firm Drake & Scull surge 6.5 percent to 0.36 dirham in opening minutes ** Company posted quarterly net profit of 14.7 milliondirhams ($4 million), up from profit of 3.8 million dirhams ayear earlier; an analyst at SICO Bahrain had forecast net lossof 38.6 million dirhams ** Since mid-January, stock has been edging up from recordlow of 0.29 dirham; has tumbled from June 2014 high of 1.97dirhams ** Three analysts have “hold” rating on stock, three &
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