Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Gulf International Services Net Profit Up 46% in 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 25/02/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Qatar News Agency) Gulf International Services Company (QE: GISS) has announced a net profit of QR 677 Million for the financial year-ended December 31, 2013, an increase by 45.81% compared to QR 464.3 Million in 2012.

This is the company's best financial results on recor

Its Earnings per Share (EPS) amounted to QR 4.55 in 2013 compared to QR 3.12 in 2012, according to Qatar Exchang

Its revenue is up 47.1% to QR 2.3 Billio

The board of directors has recommended the distribution of QR 2 per share as cash dividend, representing 20% of the nominal value of the shar

The board also recommends to the Ordinary AGM the distribution of 25% bonus share

"The strong performance is due to impressive growth in all segments," the GIS sai

In a statement to QE, HE the Minister of Energy and Industry and Chairman and Managing Director of GISS, D

Mohammed bin Saleh Al Sada, said, "The GIS group exceeded expectations in 2013 and closed the year with record results. "These are the highest year-end results since inception and a remarkable achievement in the group's short history. This positive growth reiterates our historical commitment to the goal of maximising shareholders' wealth. These strong results were aided by the ambitious growth plans in all segments, and the acquisition last year of Amwaj Catering Services Limited." GISS business interest are in insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation and catering services. The company's wing, Gulf Drilling International deployed two new high specification, premium offshore rigs. The first, Al-Jassra, joined the fleet in May 2013, and the second, Leshat, started operations in December 2013, a senior official said. GDI signed a five-year contract with a major oil company operating in Qatar for the utilisation of this rig. GDI's ninth offshore rig, Dukhan, is its third new, high specification, premium rig ordered in the last two years. It is expected to arrive in Qatar in the fourth quarter of 2014, the official added.


Qatar News Agency

  MENA News Headlines
 Oct 6 2015 - Abu Dhabi s NBAD is 1 for GCC bonds DealogicEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) --- National Bank of Abu Dhabi (NBAD) the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine is ...

 Oct 6 2015 - ADEC offers public school students an After School Support ProgrammeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The Abu Dhabi Education Council ADEC has organised an "After School Support Programme" for students for the 2015/2016 ...

 Oct 6 2015 - Four UAE soldiers martyred in AdenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The General Command of the UAE Armed Forces has announced the death of four of its brave soldiers in Aden during their ...

 Oct 6 2015 - UAE- Ajman Ruler congratulates Egyptian PresidentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AJMAN 6th October 2015 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi Supreme Council Member and Ruler of Ajman has sent a cable of congratulations to the ...

 Oct 6 2015 - UAE Ambassador to Bahrain attends mass weddingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MANAMA 6th October 2015 (WAM) --- Ambassador of the United Arab Emirates to Bahrain Abdul Redha Khouri recently attended a mass wedding for 202 couples with ...

 Oct 6 2015 - Dubai repays US500 million bonds certificatesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM) -- The Government of Dubai acting through the Department of Finance has announced that the US$ 500 million Fixed Rate Note ...

 Oct 6 2015 - UAE- Emirates Airline offers special A380 fares to a host of destinationsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2016 (WAM) --- Travellers in the UAE gearing up for year-end trips can now enjoy special fares to a host of destinations served by the ...

 Oct 6 2015 - UAE-MENA healthcare providers to spend US2.73bn on IT products services in 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Healthcare providers in the Middle East and North Africa will spend US$2.73 billion on IT products and services in 2015 ...

 Oct 6 2015 - Dhahi Khalfan opens 2015 edition of Critical Communications Middle East in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Lieutenant General Dhahi Khalfan Tamim Deputy Chairman of Dubai Police and General Security led the opening ceremony of the ...

 Oct 6 2015 - Emirates Transport to purchase 722 new buses worth AED 180mn to meet growing demand for school transport servicesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM)Hussain bin Ibrahim Al Hammadi Minister of Education and Chairman of Emirates Transport has approved the purchase of 722 new ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help