Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar's GIS profits up 39 pct in Q1  Join our daily free Newsletter

MENAFN - 23/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Reports said that Qatar-based Gulf International Services (GIS) has registered an increase of 39 percent in net profit, reaching USD51.8 million in the first quarter of 2014, driven mainly by strong earnings growth from its drilling subsidiary, Arabian Business reported.

The total revenue increased by 12 percent, hitting USD169.38 million. The company cited the growth to its catering division (Amwaj), Gulf Drilling International (GDI) Al Koot and Gulf Helicopters (GHC).


"These record results can be mainly attributed to the ambitious growth plans in all segments, and most notably the group"s drilling joint venture, GDI," said the Energy and Industry Minister and GIS chairman and managing director of GIS.

GIS chief coordinator said that this growth was forecasted in GDI during this year, with expectations to place three assets into operation during the current year.

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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