Qatar's GIS profit hits nearly USD170m in H1


(MENAFN) Gulf Drilling International, Gulf Helicopters, Al Koot and Amwaj has earned a net profit of USD170 million on total revenue of USD628 million in the first half of 2015.

Gulf Drilling International has reported a net profit of USD104.6 million on revenue of USD293.5 million, and Gulf Helicopters USD29.8 million on USD89.7 million.

Based on a financial report, Amwaj achieved an USD20.2 million on revenue of USD160 million and Al Koot USD18.2 million on a revenue of USD91.9 million in the first six months of this year.

GIS reported a y-o-y rise of USD38.8 million in its overall consolidated net profitability, without considering the reclassification, attributed to the ambitious growth plans across all segments.


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