By Amr Adel

Dubai – Mubasher: Shareholders of Dubai-based engineering firm Drake & Scull International (DSI) decided on Sunday to withhold dividends for the fiscal year 2014.

The company’s ordinary general meeting also endorsed the board’s report, balance sheet and profit/loss statement for the same year.

DSI earlier reported a 39.5% fall in FY14 net profits to AED 110 million ($30 million), compared with AED 181.7 million ($49.5 million) a year earlier.

Translated by Sayed Abdel Rahman