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FINANCIAL NEWS
Gulf Intl’ Services (GIS) income touches USD 1.15bn
03 Feb 2016
(MENAFN) Gulf International Services (GIS), the main services group in Qatar, reached revenue of USD 1.15bn and a net profit of USD 219.9mn for the whole year 2015.
However, the income logged introduces a drop of USD 25.38mn, or 2.2 percent through last year, against the last quarter, the group income was down by USD 21.43mn.
Additionally, the USD 219.9mn net income reflects annual decrease of USD 166.9mn, excluding the one-off gain from business combination logged in the previous year.
The firm started to combine its underwriting capabilities and change its form to meet the new phase, and it offered whole annual dividend supply for the year of USD 50.9mn.
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