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

GIS profit to hit USD247m in 2014 after buyout  Join our daily free Newsletter

MENAFN - 29/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) The Gulf Drilling International (GDI) future earnings are expected to grow strongly after Gulf International Services (GIS) completed the 30-percent acquisition previously held by #Japan Drilling Company, The Peninsula #Qatar reported.

Chief Coordinator of GIS said that the future earnings of GIS are expected to grow strongly and the company's shareholders are expected to gain from the transaction with GIS's share of GDI'sresults increasing from 70 percent to 100 percent.


Consolidated revenue of the GIS group is now projected to hit USD960 million, while profits are projected to reach USD246.99 million in the current year.

Qatar's largest service group, GLS, announced the completion of the acquisition, with expectations to contribute USD348 million and USD41.1 million of revenue and net profit, respectively, on account of the acquisition.

 
 


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