FINANCIAL NEWS

Gulf International Services posts USD97.71m net profit in Q1

13 Apr 2015

(MENAFN) Qatar’s Gulf International Services logged a net profit of about USD97.71 million in the first quarter of the year, marking thus an 89 percent surge year-on-year, Reuters reported.

Gulf International Services’ profit was recorded at USD51.79 million in the same period of 2014. It is said that the firm is involved in businesses related to insurance, aviation, oil and gas.

Gulf International Services did not attribute its success to anything in particular, but pointed out that declining oil prices has slightly disturbed its drilling rig businesses in Qatar.

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