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FinancialNews
05-08-19
17 percent boost in GIS revenue
(MENAFN) Leading Qatari-based Gulf International Services (GIS) registered a 17 percent jump in its revenues from January to June 2019 to stand at QR1.5 billion.
Revenues of GIS were mostly generated through the insurance segment, which presented a solid and strong performance for the leading services group in Qatar.
Net profit of the Qatari group during the first half also reached QR29 million with earnings per share hitting QR0.016.
QIS' revenue in the insurance segment enjoyed a sharp boost during the period from a year earlier due to attracting several new clients.
MENAFN0508201900450000ID1098845133
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