Descon records strong revenue growth – Business & Finance
KARACHI: Pakistan’s leading large-scale engineering company, Descon Engineering Limited (DEL), recorded significantly high revenue growth from major projects in both domestic and overseas geographies, in line with its performance indicators for the 2021-22 financial year.
DEL has designed equipment for the Oil & Gas industry in Qatar, Iraq, Bahrain, United Arab Emirates, Oman, Eastern Europe and Pakistan. It has also designed equipment for refineries in Saudi Arabia, Bahrain, United Arab Emirates, Yemen, Oman and Russia. The company’s engineering services arm, Descon Engineering Services and Technology (DEST), has also performed well serving customers in Saudi Arabia.
Building on its overseas performance in the Middle East and Eastern Europe, DEL now plans to expand into the markets of Southeast Africa, Central Asia and Eastern Europe. ballast. It seeks to raise the bar by addressing industry challenges.
DEL CEO Taimur Saeed: “The 2021-22 year-end results are a testament to the dedication of our employees who delivered our projects and served our customers through difficult times. As the pandemic continues to linger, there is increasing pressure on our supply chain due to raw material volatility, DEL will continue to leverage its service portfolio to increase productivity and efficiency. Our constant efforts will be to contribute to socio-economic development at home and abroad. For us, creating sustainable business growth goes hand in hand with our future strategic plans.”
Copyright Business Recorder, 2022