image description
image description
Tell A Friend

FinancialNews


  • 23-02-10

    Qatar's GIS reports 33% jump in 2009 profits

    (MENAFN) Doha-based Gulf International Services (GIS) reported a 33 percent jump in net profit to $155 million in 2009 on faster growth in its aviation and drilling business, The Peninsula reported. Revenues from aviation and drilling jumped 28 percent to $305 million and from insurance by 40 percent to $125.7 million, according to its financial statement filed with the Qatar Exchange. Total revenue jumped 31 percent to $431 million. Total costs grew faster at 36 percent to $260.8 million as expenses on insurance surged 54 percent and direct costs on aviation and drilling by 26 percent. Gross profit rose 24 percent to $170.1 million. GIS, which is the holding company of Gulf Drilling, Gulf Helicopters and Al Koot, also reported a net finance income of $4.67 million in 2009 against net finance cost of $2.9 million the previous year.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved